would love to say because i willed it but doubt thats the case :-)
I'm hoping its the global markets finally realising that it has overshot to the downside (just like it overshot to the upside - getting tired of saying that lol)...and hopefully it will now return to a normal level of 60-70 which makes good money for ERH.
I think it needs a couple UP days however to consolidate...otherwise it will get pummeled again.
Mind you, the $AUD is falling against the US...so double bonus.
Blackadder: Their website states mid case of 140 million barrels...and that was BEFORE the recent massive result at 330...can't wait till they provide a reestimate.
Cdchi1
ERH Price at posting:
20.5¢ Sentiment: LT Buy Disclosure: Held