Surprise, surprise, surprise - Europe was a basket case last week but that was old news - This week it's all good and salvageable again. You have to ask who is controlling the strings? I bet the skipper of the Titanic would have wished he could have turned as quick.
Link: http://money.cnn.com/data/markets/
" Markets Overview Data as of May 21Monday’s Close:
Dow +135.1
12,504.48 +1.09% Nasdaq +68.42
2,847.21 +2.46% S&P +20.77
1,315.99 +1.60%
Stocks rebound on Europe hopes
May 21 4:46pm:
A plunge in Facebook's stock didn't faze the broader U.S. market Monday. U.S. stocks bounced back from their worst week of the year on renewed optimism that European leaders would find a way out of the sovereign debt crisis. "
Funny how the markets now bounce on good news. As for FAR's potential, nothing changed last week and it's still the same this week and will be the week after.
This link shows Brent Crude prices hardly moving through the gloom of last week.
http://www.cx-portal.com/brent/oil_en.html
With increasing demand from the growing economies of China and India with Brent prices at these levels I'm sure we will see good interest in FAR's blocks with either new JV partners or TO bids if there is drilling success off Kenya or Senegal over the next 2 to 6 months. Just have to sit tight and wait for the SP to reflect FAR's real value.
PDYOR
Surprise, surprise, surprise - Europe was a basket case last...
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Last
52.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $48.05M | |||
| Open | High | Low | Value | Volume |
| 52.0¢ | 52.0¢ | 52.0¢ | $1.562K | 3.004K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 19837 | 51.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 53.5¢ | 1439 | 3 |
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| Last trade - 15.41pm 09/07/2024 (20 minute delay) ? |
| FAR (ASX) Chart |