GDY have seen a lot of bad news lately. I can't see the SP going too much lower unless overall sentiment in the sector drops.
While there is not much in the near future that is going to push the price up, that we can see, at the same time, there is not a whole lot further down to go either.
GDY are already pretty much back to "square one" with their drilling, so its going to be a while before much happens either way.
If you are looking for short term gain, this is not the stock for you at the moment. However, in my opinion, low 80c is a pretty good buy for LT gain.
If I had some spare cash I would buy some more, as my average is much higher than current prices. However, I have a wedding to pay for!
RNE Price at posting:
81.0¢ Sentiment: LT Buy Disclosure: Held
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