If the heads hold OK on Monday ( and I see no reason for them not to ) rest assured the OXXCA's will get taken out . The Saipem 100000 drillship is probably parked on the spot and I gather we will get an update on Thursday .... Not much BESBS going on by the look . Similar volumes Monday and we should be at new highs .
A jump on Monday and the OXXCA's will go straight back to where they were not too long ago ( before A1 failed ) IE high 40s . Well done Corporate for getting back circa 30c .
You are so right about OXXCA ... 10c at the end of this year for the first instalment LOL . That is a quarter of the SP now but by Xmas , well it should be a tiny percentage . The value and risk here is excellent . The penny is starting to drop .
As RAKS kept saying :
2011 is THE YEAR OF THE OXX
OXX Price at posting:
65.0¢ Sentiment: Buy Disclosure: Held