FDM freedom oil and gas ltd
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why no take off?

  1. theyouth
    193 Posts.
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    19/06/12
    11:36
    Post #: 10321888
    I would have thought that given yesterdays news stating they have doubled their 1P reserves and nearly doubled the 2 & 3P estimates, that the share price would have gone like an F-14 today...

    All talk about how long it will take to get out of the ground aside, surely the oil in the ground makes the MC worth more than $540M?

    WTI Crude is only down around 2.5% over night yet we have fallen 7% in early trade...

    What gives?
    FDM Price at posting: $1.25 Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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