KEY 0.00% 0.1¢ key petroleum limited

Could be wondering the same thing.Small volume pushing it down...

  1. 887 Posts.
    Could be wondering the same thing.

    Small volume pushing it down though, but the support lines have shifted down to 25-27c now which is intersting in its own right.

    Could be one of three things I reckon:
    1. Bad day in the market, people running scared
    2. News has leaked out, and the Billions of cubic feet aren't enough (or maybe something wrong with well).
    3. Sell-off as part of this ANZ shareholding debacle - as mentioned in an article I read, that a stockbroking firm holds alot of illiquid small/medium caps that they have been lent or whatever.

    Either way - announcement should still hopefully be good. Just a bad day!
 
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