Share
2,464 Posts.
lightbulb Created with Sketch. 109
clock Created with Sketch.
29/09/14
11:00
Share
Originally posted by sivart
↑
Justace,
It's probably the biggest lull in news flow we've had so far. Nothing has really come out since 27 August when the Bear Head acquisition was finalised, and even then the market has very little information about Bear Head to assign much real value to it. The other big piece of news: the likelihood of a 3rd NA project doesn't really seem to have been picked up by the media - nothing apart from the Bloomberg report has come out. We're also getting down to one of the serious stages in the timing of Magnolia which is probably unnerving some of the market given the run we've had to date. To me, this says we may continue to drift and even continue to fall a bit more in this period, but I'll be very surprised if we don't rebound very hard when the next piece of big news comes.
Expand
Sivart,
Agree, possibly a good time to buy and think about the possibilities of a rise later as developing news hits the screen. I am a little anxious, but will ride this lull out as I hear gas leaking.