NDO 0.00% 9.8¢ nido petroleum limited

what's the downside risk?

  1. 412 Posts.
    lightbulb Created with Sketch. 21
    Hi all,

    Been looking at NDO a fair bit recently. I'm not seeing much of a downside for this stock at the moment. Oil now being delivered for a steady income from Galoc. Explorations continuing.

    I just can't see oil price decreasing much further and plenty of upside. Shareprice is at a low level, with sophisticated types in at 50c.

    Do my eyes deceive? This is not a ramp in either direction, just hoping for some discussion on the upsides and downsides.
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.