what a pain, page-15

Well, I think the fracking approval will be a significant short term derisking of their forward program which runs into the actual activity and the coastal drilling so there are very compelling short term reasons to hold if that all comes through in the next few weeks.
Of course we were supposed to have approval earlier this month and today is kinda the last day for "late this month" too and with the downtick yesterday I'm not surprised some people read that as further delays. It could also just be the post AGM positivity bump fading. I feel like we're still mostly gambling on when exactly approvals will come in on top of whatever tax loss selling is happening. I think a significant portion of the market think it will be more than a days/weeks wait.