DLS drillsearch energy limited

I had a look at the Santos site this morning and no news of any...

  1. 7,809 Posts.
    I had a look at the Santos site this morning and no news of any Tintaburra wells. maybe holding back for formalised release by DLS.
    DLS used to release around 11 am, but last week it was after close and today who knows ?

    All I can think is that of around 400 million shares, there is almost no volume to sell here, and the range of trading must be making traders bored and frustrating them to sell at even or small loss.
    If there is capping and support perhaps the purpose is to squeeze the tick traders out.
    The chart is still leaning towards a bullish breakout, with a small ascending triangle showing on my Commsec chart. The financials are likely to be the source of bullish sentiment, imo, and I am waiting to find out. It is a test to be idle though after such a volitile movement over the last 5 months.

 
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