yesterdays buy ... hmmnnn

I wonder if yesterday's push from $1.45 to $1.50 in one fell swoop was an attempt to capture follow through buying and so sell out?

That's the way it looks to me.

If so, it did not succeed.

US$80.00 oil!

ARQ $1.425. Down while the energy index is up.

ARQ are looking well ... no need for me to say ...

Same old .. same old ..

Let Sushi1 come on here and decribe it all.

Obviously we all know that good drilling results will turn this around.

At some stage the sellers will be blown away with a big Canning Basin hit.

The question is when.

This year? Next year? Or is it the year after?

It is often wise to plan for the best but be prepared for the worst.

So just as an afterthought.

So we get a feel for current downside risk ... should Valentine and its immediate follow up not be commercial what price ARQ? Any estimates?

Your friendly parrot. Squawk! Squawk!