The problem is that none of us knows much about oil or gas drilling. It appears to be a very tricky business. I really have no idea to be honest what's going on there. But the bottom line is that I've doubled my position today at 0.6c and have another buy order at 0.5c. Look at it from this side. The hole has been drilled. There's something in there for sure. It takes time to organise everything properly. Today, was clearly panic selling. Overleveraged punters getting out at a loss. FUT might bounce around between 0.6 and 0.7 for a while. Might be a good opportunity for some tick trades as well in the meantime. Lots of fun.
FUT Price at posting:
0.7¢ Sentiment: Buy Disclosure: Held