OIP 0.00% 4.3¢ orion petroleum limited

H, interesting and informative posting, agree OIP is speculative...

  1. 205 Posts.
    H, interesting and informative posting, agree OIP is speculative but so was ESG when I commenced buying shares a few years ago. My view is OIP is a high risk buy but that risk diminishes based on what happens to ESG in the next couple of months.
    If and I say if ESG attracts an offer, well OIP will be very interesting to a predator due to their relatively small shareholder base, nice amount of cash and some interesting extensions to ESG's proven coal seam gas areas.
    Since your posting Hardmano, trading volume has lifted and there appears to be a base for the shares at 4.5 cents. I reckon this one looks reasonable even cheap, but guys do your own research.
    All the best for the New Year and lets hope some of the coal seam gas explorers in NSW put some money in our pockets
 
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