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69.0¢ drillsearch energy limited

DLS bulls are coming soon?, page-20

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g12m0

1,632 Posts.

52

10/10/15

17:22

Post #: 16151704
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Originally posted by Autosime ↑

There is too complex and there is too simple . Firstly by no means am I suggesting that luck and good fortune didn't have a role in timing a good entry just before the rally . That is what I was trying to convey when I said fear was my friend. On paper DLS looked cheap in the 60s But waiting for another Bauer is very wishful thinking. Bauer or the smaller but also decent callowonga sized fields ( 10m -20 plus barrels ) are discovered once every 10 years. Your average CB discovery is 1-2 m barrels

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Not much more than thinking that one can make it big by market timing. That is even rare!

DLS Price at posting: 61.0¢ Sentiment: Sell Disclosure: Held
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