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4.17% 5.0¢ central petroleum limited

Don't count your chickens re: Petrofrontier/statoil yet....

  1. foolusmctool
    174 Posts.
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    25/07/12
    15:07
    Post #: 10479723
    Don't count your chickens re: Petrofrontier/statoil yet. Remember Petro still have to stump up $10 million and their financing deal with Macquarie fell over. Personally I think they will get over the line somehow but just be wary not to count your chickens.

    Also there is an industry wide rule of thumb that once Statoil gets in on something the bubble is over and its time for the smart money to sell!
    CTP Price at posting: 55.0¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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