Club Mulgoa

Tuesday, February 05, 2013

BRU

Oil had been found, and recently found again.  Yet, the market takes a harsh view.  Until you can prove that the oil is extractable AND it is light sweet crude, the share price can drift downwards!

The company also has to prove that the quantity is sizeable, too.  In a down sentiment towards resource stocks, there is very little you can do to get the market to pay a premium for your discovery.  These are THE stocks to buy while people are uninterested.  Good announcements are ignored by sellers!

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