OEX 20.0% 0.6¢ oilex ltd

gujarat block 1.3tcf gas 1.6billion barrel oil, page-4

  1. 31,884 Posts.
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    Nice close OEX at 9.5c. Bought a few more oppies in the arvo. On the 27/3 fpo was 6.6c and oppies were 1.5c. Today fpo closed at 9.5c and oppies are you guessed it 1.5c. Either traders don't think OEX can hold it's gains and is coming back to the 6s or the oppies are lagging in which case they'll sooner or later find equilibrium. I am hoping the latter but at this stage it looks fairly low risk. Time will tell.
 
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Currently unlisted public company.

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