TEX target energy limited

oil,gas price bounce

  1. 6,357 Posts.
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    NATURAL GAS FUTR (USD/MMBtu) 5.856

    Not sure who are still selling, but according to current gas price and the AUD exchange rate, TEX should make 35% more profit since it first announced the gas finding in Highway 71.

    In last Ann, TEX mentioned it's still too eraly to know the flow rate, reserve, so I think the recent selling maybe not related to some leaked news.

    Volume is still not expanding, looks like sb just wanna ramp down the SP, or just quit by the uncertainty.

    IMO, even without Highway 71, TEX is still worth 5.5c for sure. The current buying depth actually showing a very good opportunity to buy! (to be greedy when others scared )
 
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