IMO the short term price of oil has any effect on FAR. The recent drop in oil price is a good thing as it should mean that over the medium to long term, the price should increase to the $80 - $100 region (new shale developments will be canned. By the time Senegal could come into production, I think the oil price will have increased.
As for your "strategy" FredJK, if you would call it that, once the TH comes, followed by the announcement, there will be no opportunity for you to "buy on the way up". It will just be UP, following the TH. A bit like buying into CVN following their August trading halt eh?
FredJK on CVN - "if you are a punter you should have folded with a nice little profit. if you are an investor there is nothing to worry about." Price at posting 21c.
How is that strategy going for you? I see they got slammed today to the tune of around 17% (3c) and now sit at 14.5c?
Going on your own logic, I'm guessing that you must be a punter, rather than an investor?
Good luck!
Bzzd
KISS Principle, page-3
Add FAR (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
49.0¢ |
Change
-0.005(1.01%) |
Mkt cap ! $45.28M | |||
| Open | High | Low | Value | Volume |
| 49.0¢ | 49.0¢ | 48.5¢ | $157.6K | 321.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 2892 | 49.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 50.5¢ | 4701 | 1 |
View Market Depth
| Last trade - 13.30pm 09/09/2024 (20 minute delay) ? |
| FAR (ASX) Chart |