PCL 6.25% 1.7¢ pancontinental energy nl

As an investor in Africa Oil Corp. I saw a very slow rise...

  1. 72 Posts.
    As an investor in Africa Oil Corp. I saw a very slow rise towards spudding the Kenja well and the price showed a substantial rise after the announcement that they have discovered up to 20 m net pay of waxy light crude in march. Since then they have found over 100 m net pay and the price has gone from around 1-2 $ to above 10 $. TD will be reached in the next 3 weeks, maybe including logging. After that I would expect some decline in share price - after it hit a historical high.

    Do you think its the right time to buy PCL now? I want to invest my profit from selling at 18 cents and let it ride...
 
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