With oil now well into the nineties and looking like it will never return to the 80's I think this find in Thailand of a new and lucrative field will attract some big buyers out of their haze of takeover targets and falling financial stocks.
Oil is now the stock and futures you can count on for short volatility and a proceeding upward curve.
I bought in @65cents and I still think thats incredibly cheap.
This one is headed towards dollar by the end of next week. They have fundamentals to support that price as a good return on prospects is now guaranteed and with more wells in the future this one could be going to 2-3dollars by early next year. Hold, Hold, Hold to those of us fortunate enough to pay <60cents.
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