HDR will go up from here IF oil prices don't crash .. why? because it has large oil reserves whcih should be economic to develop if Banda appraisals are successful.
Why HDR is at 43c now is because deep water oil stocks are on the nose with oil prices looking weak.
Traders and Instos dumped this stock when gas was found at Banda. Traders and instos will just as quickly get back in if and when banda is confirmed and oil prices stabilise.
To counter that, holding a spec oiler with debt isn't an ideal situation, especially when interest rates might be on the rise and oil prices falling.
HDR
hardman resources limited
