DLS 0.00% 69.0¢ drillsearch energy limited

Origin deny it will be a 'firesale', page-3

  1. DSD
    15,757 Posts.
    ORG are getting out of a pile of side ventures. They will be offloading tenements with close proximity to infrastructure eg pipelines... at prices less than half those obtainable just 12 months ago. DLS [erfectly placed to seize this once in a lifetime opportunity. I hope they do esp as massive cash reserves waiting for this exact scenario.

    POO up another 2% last night. It sure adds up. LNG not faring well but natural gas prices here in our domestic mkt set to rise substantially. This is what Cooper Basin has in spades. BUY.

    Check this graph to see how well oil is doing over 3 months. Red line is S&P500.

    http://www.marketwatch.com/investing/future/crude oil - electronic
 
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