Club Mulgoa

Tuesday, January 15, 2013

PVD

I haven't bought many stocks recently.  But when a good announcement came out today, the share price moved up... and then fell below the closing price from yesterday.  So I topped up at 73.5c.  There is a strong possibility that PVD may have overpaid or the other oil majors are uninterested in that patch of water because they know it isn't promising.  Already, those major oil companies are there and the adjacent tenement has found oil.  We will see what happens...

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