BUY 0.00% 0.4¢ bounty oil & gas nl

dewha pep 11 decision to be published monday , page-26

  1. 3,105 Posts.
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    "That BUY has raced back to 2007 levels reflects PEP 11 and their other projects which weren't a consideration back then".

    Agree with that, 2007 prices were inflated without reason, just overall market sentiment.

    Now PEP 11 is as good a reason as any for the price, should be around 14 to 15 now, and shoot to 25 to 30 on the reports expected shortly.

    The price was going well till around 14. Then came the 18c.
    When it fell from 18 to 14, which was more realistic, there was panic, hence the 8c.

    But there were a lot of people accumulating & making sure the price did not rise.

    I was one of the goofs who bought at 17, as I was at work and bought in panic.

    Definitely a gamble, with very good odds, but if it pays off, the people who bought at 9 will celebrate.

    Guys, What would be your opinion of the price, if the Environ report and others coming out next week are positive.

    That will be of benefit to one and all, what happened 4 weeks back cannot be changed.

    Just my opinion.
 
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