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ELK PETROLEUM LIMITED (ASX:ELK)METGASCO LTD (ASX:MEL) - Oil is on its way out., 14555137, page-6 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum
ELK MEL

Even at its current low price, oil is still around AU$10/GJ....

  1. CSGguy
    351 Posts.
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    08/01/15
    15:17
    Post #: 14555137
    Even at its current low price, oil is still around AU$10/GJ. With local industrial customers paying $30/GJ and local homeowners paying $60/GJ, MEL would still have a very good market for it's gas. But a foray into high cost EPR oil at this time seems stupid.
    ELK Price at posting: 3.5¢ Sentiment: None Disclosure: Not Held
    MEL Price at posting: 4.1¢ Sentiment: None Disclosure: Held
    Likes Created with Sketch. 4  Upvote
    lightbulb Created with Sketch.  Great analysis
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