OEL 9.09% 1.2¢ otto energy limited

timing and trading strategy

  1. 2,631 Posts.
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    what do you guys think about the timing for this year?

    it seems like from june-sept will be extremely busy with galoc, galoc north and duhat 2 all happening at once and potentially cinco as well (august expiry).

    going to make it difficult to form a clear trading strategy i think. all good for me as i'm a long term hold anyway.

    how would you guys trade it? get in early and ride the wave, sell some on spud and hedge with a short position for cinco?

    also on cinco - surely they won't be drilling before august? it takes a while to plan an offshore well and get all the gear ordered so if they don't have a rig yet, i sure hope they have done most of their drill planning!
 
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