OEL will improve in the short run with the electoral rally, but it is bound to be volitile and drop as quick as it rises. If you stand back , things are slipping with this stock and that is not good for punters , no which way you look at it , we are not in a bull market . Another thing is , punters dont like debt in these times viz PSA etc.,. OEL will have approx net $5m per month share of sales shortly and we cant expect debt to be cleared till Mar09 . The current timing for the Gazzata-1 gas exploration well (OEL earning 50%) in the Po Valley is approx Feb09. What I am saying , it is MHO that OEL will have its day towards the end Feb09 onwards ....I will be there then ....
OEL Price at posting:
24.0¢ Sentiment: None Disclosure: Not Held
