timing timing timing

IMHO

What would you have done if you had hindsight eh?

NDO (another Galoc producer) today selling for 11.5c. Usually NDO sp is around the same or lower than OEL in the market.

And to think only a few weeks ago, asking 7c for OEL new shares seemed reasonable. Imagine 11.5c? Probably reasonable now.

Such volatility is not nice to bear.

I thought the riser problem that needed fixing, and the timing of the first oil (around 6 October) when the sharemarket was collapsing and oil price dropping from $140 to $40 was hard to bear. But they weren't in the management's hands.

I also hope during the April month, for OEL's sake, that the sharemarket doesn't go booooom and pack on a substantial amount of rises...... meanwhile OEL frozen at 7.5c....

Fingers crossed for all holders. The timing is absolutely out of whack...