Perhaps the last selldown in Louisiana is holding back this giant (lol), as it appears to have been coiling over the previous 5 weeks. Once that criteria is met, we could once again see nothing or an explosion upwards in the price, which the newly elected Pope may see as a miracle down under.
Apparently this new guy taking over Warren B. position was an oilman; it's reported he will be looking for mergers and acquisitions in the area.
Perhaps the last selldown in Louisiana is holding back this...
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