re: keep going down I Wouldn't go that far but all oil stocks are reflecting lower oil prices, as I've mentioned - $60. I don't think OPEC will allow it to go further down?
I've always looked on ARQ as a Exploration stock .. with a short term money tree. The reason why I still hold ARQ is Yemen and a revitalized Canning basin. Note I didn't mention upcoming Perth Basin drilling program.
Yemen has huge potential with 2 big wells going down 4th quarter. Canning program will start be redrilling some large prospects that are already discoveries, the only concern I can see being reservoir quality and flow rates.
As to the current market, "never catch a falling knife" is very apt here but picking the bottom will be tough.
sell down bargain buy, page-21
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| Open | High | Low | Value | Volume |
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