Phil,
You are right that none of them have CVNs cash position, they all have net debt, and generally find DAX and/or reserves replacement a burden. Acreage not the issue.
However XEJ and blue chips,eg WPL,STO,ORG treading water, or going backwards also.
Market simply not looking at individual stories this week, instead following a few words fron Kloppers, plus the BRI looking like bilks are moving again. As a result this was a metals week.
I am still hoping for 29 as I timidly accumulate in small parcels, but switching attention elsewhere - these should sit in the bottom drawer with little attention this time.
EL
Phil,You are right that none of them have CVNs cash position,...
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