Well folks, I now have my complement of O&G (for the moment). I have some money coming from SEEQ in a few weeks time and might well buy more O&G at that time. I think we've enjoyed a nice little rally over the last week, and I now want to see if things build or dissolve.
It's interesting that the SFY rise so far has been without any real volume - until today. Even then it couldn't be considered to be at breakout levels. Is anyone able to TA the chart ? Presumably we must be getting close to whetting the interest of the TA community with a solid breakout ?
FWIW, I now own SFY (lots), PETD, RIG, and my old friends(!) TMAR & HMAR.
I'd really like to buy some EVER, but with PETD and lots of SFY thought I'd wait to see what NG prices do first.
I managed to resist APC (and APA). The price:book put me off APC, but I don't think my decision was very informed (!) In contrast, PETD seemed like a real bargain, and I liked the "muscle" of RIG. Thanks for all the various suggestions - any more ideas welcomed.
Fingers crossed that we see a steady rise until, and after, the OPEC meeting.
Mark |