ELK 0.00% 1.4¢ elk petroleum limited

oil at $25 per barrel ??

  1. 19 Posts.
    Hi guys,

    Just wondering ELK's position if oil drops to $25USD per barrel. Would the business still be viable then ? Im thinking of buying stocks, but at the rate oil is retreating, Im thinking I might have a couple of years to make my mind up on taking a position. $25 is a real possibility, we're in uncharted territory.

    Ive been a long term fan of the moose and it's members , and rode it to nice double digit profits, before the big announcement earlier this year. Which turned out to be a fizzer :(

    Still , the company has a lot of potential, its the rest of the market that it rely s on that's disappointing. Unfortunately, you cant have one without the other.

    Your thoughts are appreciated

    Good luck to all those holding, and lets hope the announcement coming up is good!

    Andyarlo

 
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