I saw the growth in the share volume and knew there must have been a mathematical relationship in the last 4 days of trading. What I came up with was a polynomial relationship (order 2) and a relationship coefficient of 0.98 (i.e. very strong). This relationship if extrapolated one time step into the future (Monday's Trading Session) predicts that the volumes of the OEL shares traded will be 21.5 million shares...
I am a new investor on the OEL scene and bought into this company because:
* Researched company and fundementals seem sound
* Read an old article on "The Australian" that sounded promising: http://www.theaustralian.news.com.au/story/0,25197,23081673-5005200,00.html
* Drilling Update- Po Valley, Italy
I think you will find that the volumes will continue to steadyly grow as we get closer and closer to the drilling at Po Valley. That is the main reason I bought in.
Most small to mid-tier Oil and Gas Companies will rise to a significant premium at the commencement of drilling and drilling updates. I can easily see the share price rising above 10 cents in the lead up to the drilling...
OEL Price at posting:
7.1¢ Sentiment: ST Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)