i can't understand the share price! i mean technically, sure, its in downtrend and that looks likely to coninue..
but on the fundemental side (which is where i mainly sit), NEN have told the market when they are drilling. isn't that enough? is there really going to be a jump on this announcement of a rig contract? surely people have already factored it in?? or is confirmation important to derisk things?
what do you guys reckon - is it more the timing that will allow people to plan better or what?
NEN Price at posting:
18.5¢ Sentiment: None Disclosure: Not Held