Just watch out when the price collapses again. It goes for runs like this every now and again. Look at the chart to see what I mean. Trade the short term rises but in my opinion it is a bad medium to long term hold.
There hasn't been any new information to justify a price rise and even if the company manages to get financing to fix the leaking well it will take years to recover from the debt position it will be in. Of course another option would be an enormous dilution of the existing shares which also isn't good for shareholders.
MXO Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
