Fellow central petroleum shareholders, an article (link below) published by the SMH references JPMorgan stating that by December, 2016, Buru Energy would increase 191 per cent to 96¢ and Senex will lift 78 per cent, Santos 55 per cent and AWE 48 per cent.
Now although I have been very negative regarding centrals rotting share price, if this company (central) is unable to follow suit I shall eat my top hat. I state this based on the following,
1. Oil may now be at a near bottom and trend may now be stabilization or upward movement; and
2. Aussie dollar according to article is to weaken, providing more investment opportunities.
But how do I see central by year ending, pretty much at the bottom of the barrel. I support my subjective statement by the following:
1. Investors require de-risked investment, central has to many uncertainties;
2. No drilling, exploration just waiting on the riding of coat tails of others;
3. Massive bank loan, little coming in to offset going outs;
4. Uncertainties associated with Flip flopping; and
5. Share price reputation since 2012.
Don’t get me wrong, would like for my investment in a rotting share price to turn around, but unless NEGI is built tomorrow and not in year 2019, I see little reason as to why people would stick their money in a falling or stagnated share price.
On the bright side, with little to croak about till NEGI commissioning, there should be far less PowerPoint presentations pumped out during 2016, one can only hope anyway.
http://www.smh.com.au/business/mark...-australian-dollar-drops-20150414-1mkjre.html
