OIP orion petroleum limited

I was getting sick of the Banjo thread. Friday's volume was the...

  1. 3,017 Posts.
    lightbulb Created with Sketch. 164

    I was getting sick of the Banjo thread.

    Friday's volume was the highest we have had for 10 days and is holding firm at the 14-15c trading range. I am aware that news of the drilling schedule is pending and this is likely to jump on that news. I dont think we can lose at this point trading around the level of cash backing. With only good news expected and depending on the detail this could be headed for 18c (historical resistance and just under the 20c float price); 21c (all time high price from March); 30c (option price) or seeing how other shares have reacted in recent weeks, BUY, MEO, BGD, MMR this may head into areas that we haven't really discussed yet 50 cents plus.

 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.