PCL 6.25% 1.5¢ pancontinental energy nl

next hardman, page-4

  1. 3,704 Posts.
    Absolutely right. I was stung by all the hype that Woodside was going to free-carry PCL in 2004.

    I bought at 9.1 cents and watched it go to about 22 cents (I think) but I didn't sell because I swallowed all that about WPL and PCL doing a deal.

    Before it dived I saw it drift down to something like 17 or 14, can't remember now, before the trading halt was called.

    Turned out the free-carry didn't happen and I ended up selling at a loss for about 7 something when it finally re-opened for trading after the halt.

    A lesson I will never forget.

    Even then they were touting it as the next HDR, what a load of ...
 
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