Perhaps an unpoplar observation, but the market cap rose ~$80m in anticipation on an announcement which in my view, was probably around the level anticipated in the first place. The broader O&G market/speculative is so poor at the moment that it is perhaps fortunate it hasnt fallen further. And perhaps it still will. In the absence of near term news flow I will be looking to the charts for the next entry point rather than referring to the recent fall which in hindsight was probably an aberration. What does not remain in doubt is that Cottee is worth backing, at the right time and entry price.
G'luck
CTP Price at posting:
67.5¢ Sentiment: None Disclosure: Not Held
