Why buy now? Personally I would be buying now to get set for January. All things being equal, I think we will see a "January effect" in the market where people feel optimistic in January and turn up ready to buy.
The Moonshine drilling, although delayed, could be high impact once it starts. Seven targets of 5-15bcf each! And quickly into production. That would really give their cashflow a kick along if they get a few new producing wells online at once.
I have not bought more lately, but only because I am seriously overweight Petsec already. Still a strong buy IMHO.
Why buy now? Personally I would be buying now to get set for...
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