Club Mulgoa

Monday, September 10, 2012

TPT, WHN

The market is aware that some big names have moved into the board, yet the share price has not performed that well.  I think the market is expecting Hussain Bolt rather than capable executives.  Because TPT has fallen a lot, coupled with the good announcement regarding management, I topped up my TPT holding.

In July 2012, I took another parcel of WHN.  Better get in while it is still cheap and relatively undiscovered.  Undiscovered because it has no serious JV partner nor has it drilled anything in Seychelles yet.  Like PCL, it will be worth less a toilet paper (which can be used at least once) if no gas or oil is found in large quantities.  The key word is "large" as it is so isolated and expensive to develop and transport the oil.

0 Comments:

Post a Comment

<< Home