SXY

One failed exploration result does not make a stock a bad one, especially when it has other successful hits.  SXY has been falling and falling, in line with the general market trend.  Its recent rights issue must be a failure because at 74c, it is much higher than the market price when the offer closed.  I put in a bid at 67c and collected a small top up.  Of course, it is impossible to get it at the trough.

So today, when it has a successful hit with oil flowing to surface at more than 2000 bopd, it has a little jump.  This is one few stocks that I have bought in the recent weeks.