I tell ya what ... if Merou's a big one, SG will be there.
"Good flow rate from Tiof = higher share price. Merou hits oil target claimed = higher share price. Oil stays at higher prices = higher share price. Other targets hit oil reservoirs = higher share price. Tiof bigger reserve and early prodution = higher share price." FUNDAMENTALS FUNDAMENTALS FUNDAMENTALS
All good FA stuff. BUT ... it conflicts with the charts and the TA Fundamentals will beat TA anyday ...
Me thinks, that by the time this exploration phase is over and the analysists have done their anaysis's ... HDR will have an intrinsic value of $4.50. What the market values it at is something different.
Sellers need buyers and buyers need sellers.
HDR = $5.00 June 2005.
Anyone care to comment ??
HDR Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held