Odd is people stil complaining even though the SP trippled since september last year...
Those that wanted to make a quick buck have done so... Well done... I am a little envious but none the less am happy to hold because I know that as the WA drilling gets closer and the anticipation builds, the SP will take out 55c in no time... Add to that speculation relating to Indian results and watch the SP reach new highs...
Timing has always been the key... WA drilling is set to begin mid to late March... Results from India not long after that... February is basically over, so Im betting the next three weeks are going to be interesting...
For me... I see the next week to week and half as buying opportunities as the speculators panic and sell...
My opinion is that support will kick in between the 30c-35c range...
We are looking for gas in areas that have proven gas reserves... We have plenty of money in the bank AND we have access to the latest technologies... I dont see a reason to panic... Do you SF?
OEX Price at posting:
34.8¢ Sentiment: ST Buy Disclosure: Held
