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Bullboard - Stock Discussion Forum Stream Oil & Gas Ltd SOGAF

GREY:SOGAF - Post Discussion

Stream Oil & Gas Ltd > We are back to our 80 cents support
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Post by oilandgas111 on May 11, 2012 7:53am

We are back to our 80 cents support

This stock is so frustrating. Me and Darcylow had been buying like mad to increase the share price and get out of this 80-90 cents trading range but then few days later when we stop buying it goes back down to its 80 cents support level.

I don't know what can move up that stock. It is stick to 80 cents support since ages. Very frustrating stock to hold.

but the the brent price which is lower everyday doesn't help I guess. Some analysts see brent price to $80 later this year with china slowing down. If that the case we will be traded at 50 cents later in the year. But who know what the brent price will be in few months......

Comment by teomax on May 14, 2012 10:18am
dont you think that production numbers of BNK are dragging our stock down as other investors could see similar future for our company (hit the wall and then not able to add increase new production) as they both operate heavy oil fields close to each other ? fortunately SKO owns additional gas field, but we are probably damaged by BNKs problems...who knows?
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