The oil and gas sector have been so under loved for years, maybe the dramatic drop may have allowed many new investors in that are looking long term, perhaps with the large drop the shorters that have been dragging us down a pip day after day will think this is now going to be a lot harder at these levels and they will piss off. who knows but the gas hasn’t gone anywhere, the demand for gas is going to increase as oil and coal gets reduced, meaning there will be a tipping point, demand will mean increased pricing, which if the Perth basin is what it appears to be there is some money coming our way.
WGO Price at posting:
11.5¢ Sentiment: Hold Disclosure: Held