SPP southern pacific petroleum nl

spp, page-2

  1. 5,411 Posts.
    Hi tinybell,

    SPP was in the same stable as OML ... same
    directors ... (yes?) and OML was merged with OSH,
    earlier this year.

    Not sure if the PNG government still has a stake
    in SPP and some deep research is needed on
    the fundamentals to find out the real reason for
    the fall.

    -------

    Technically however, the price action suggests that
    SPP is going into an extremely oversold condition
    and this will attract some punters, as they try to
    pick up a bargain.

    Will do some further astroanalysis later, to try and
    determine a key date, when this stock may turn
    around .... which may be quite soon, since on
    01012003, we will be exactly 180 degrees from the last
    significant high.

    SPP has made many highs and lows early in the
    month, since its high on 1.10.1999 ...

    happy holidays

    yogi


 
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