I hope you are right! But there is not always a clear path with O&G and I tend to err on the side of caution. Without any significant events prior to drilling I would think we will see a retrace or at least stagnate except for normal market noise until we move closer to spudding and FOMO kicks in. Having said that if you can afford to invest now, sit back and wait there can only be upside in the coming months (October/November onwards). All just my personal view. Sadly (or wisely) the wider market like to sit back and jump in once momentum starts and without news this will not happen short term. Many investors looking for small and quick gains rather than taking the longer view but for me this looks a good one to have in the portfolio.
Thanks for the reply.
Good Luck All
RMP Price at posting:
3.7¢ Sentiment: Buy Disclosure: Held
