yeh that was my original rationale for buying in.i was looking...

yeh that was my original rationale for buying in.

i was looking around for energy sector stocks that were trading lower than their early 09 prices sans dilution. most stocks with merit have had some form of recovery since then.

now it is below cash backing, and the only difference between when it was 15c and now is that it had one duster. but as far as i can see, the CSG cores seem to be coming up trumps, and the JV means reduced cash obligation for OIP, allowing it to continue to tread water for a very long time while it secures additional partners for its conventional targets.

i would guess that OXXs failed takeover bid is behind the sad demise of the SP, but even that seems to be finally running out of influence, a decoupling seems to be happening this last few sessions?

could this run back to 10c plus soon? good results at camurra and/or a break over 6c could both be triggers for a trend reversal.

stock is very tightly held. uplegs are dramatic.

i'd say 10c no problem.