OEX 0.00% 0.2¢ oilex ltd

in a rudderless market -

  1. 110 Posts.
    - small cap E&P companies like Oilex will drift lower. The nonsensical result is that even with lower oil prices, we have a valuation close to its cash reserves.
    How long can this continue? In a bull market questions would now be asked of management about the SP performance, but right now we are down among the dead men and in quite august company there too.
    My theory - for what its worth - is that good news will be posted at the most opportune moments, and the SP will start mototring again in tandem with improved market sentiment and optimism about long term recovery in the US.
    Markets do tend to turn ahead of the actual economy - based on the distant sound of the thundering hooves of a bull run.

    Good luck to all holders
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Mkt cap ! $8.239M
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0.2¢ 0.2¢ 0.2¢ $4K 2M

Buyers (Bids)

No. Vol. Price($)
63 142884261 0.1¢

Sellers (Offers)

Price($) Vol. No.
0.2¢ 72184206 12
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Last trade - 10.06am 23/10/2020 (20 minute delay) ?
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