Oil $60 Short Term Target, page-253

Actually, I took profits on both and OSH in Feb/March. Yes, I did vow and declare any number of times that buy and hold is the only way to go. Still refining my investing plan. Optimism was giving way to the reality of the ongoing covid story and vaccine setbacks.

And just quietly, the POO is giving back recent gains today. I was thinking that the POO has not reflected reality lately- and ozzie share buyers seem to be thinking the same thing- POO has been going up but not ozzie SPs. There will be a recovery- but could be a surprise or two before then.

So watching OSH and WPL getting close to my previous buy in prices- might miss out but relaxed.

I listened to the presentation thingy. My understanding was that shallow reservoirs are much harder to estimate reserves than deeper ones- much harder. And did I hear a mention of porosity? Anyway, the problem is only with Western Flank and not all of Cooper Basin.

Life is good. Invest what you can afford to lose. Investing is risky- oilers are really risky. Do not forget to enjoy it.

IMHO DYOR