PCL 5.56% 1.7¢ pancontinental energy nl

I am a long time holder of PCL. In 2018 PCL found oil and did...

  1. 42 Posts.
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    I am a long time holder of PCL. In 2018 PCL found oil and did all the research and was just about to drill when the share price shot up from .002 to .009. The day PCL was going to drill for oil the management put a cap on the drilling because the price of oil was dropping that year from $75 a barrel to $45 a barrel. The price of the stock fell back to .002. The manage said that when the price of oil recovers then they will start drilling.
    Over the past 28 days of trading the past 14 days had 1,176,760,000 shares traded and two weeks ago, 14 days of trading was only 33,550,000 shares traded. Does this mean that the price of oil is recovering and now is the time to drill. People are buying the shares cheap before drilling starts or when the announcement comes out and the price of the share takes off.
    Looking at the graph of PCL, In 2004 the price took off between .15 to .20.
    In 2012 the price took off between .15 to .20
    In 2020 COVID
    In 2021 the price will be ???????????????
    Ever 8 years the price takes off, except for covid.
    Good luck to every one and DYOR. But this is the year I think the price will take off again.
    Regards Pirates
 
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Last
1.7¢
Change
-0.001(5.56%)
Mkt cap ! $138.2M
Open High Low Value Volume
1.8¢ 1.8¢ 1.7¢ $125.2K 7.321M

Buyers (Bids)

No. Vol. Price($)
27 19029395 1.6¢
 

Sellers (Offers)

Price($) Vol. No.
1.7¢ 2086177 3
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Last trade - 16.10pm 26/07/2024 (20 minute delay) ?
PCL (ASX) Chart
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