2010 was not a good year for Oppies with an O&G focus - well not the ones in my portfolio anyway! Got burnt on VILO and JPROA and since then have been hesitant to purchase options. However, TNPO looks worth the risk:
* we will get information one way or another on whether the drill is a success or not * shares on issue means a whiff of gas will send the SP rocketing * if it's a duster there is little point holding the shares anyway * it's a New Year and 2011 WILL be my year for oppies!
I'm getting in today.
TNP Price at posting:
12.5¢ Sentiment: Buy Disclosure: Held