Buying opportunity coming ?A great opportunity to pick up some cheaper shares may be coming in the next couple of months due to a perfect storm of prevailing conditions.
1. Continuing weakness in price of oil due to OPEC , Russia et al. unable to maintain any agreement on production cuts.
2. Tax loss selling.
3.From the recent company update it sounds unlikely that there will be a drilling discovery in the next few weeks.
The future looks bright but in the the short term there might be a chance to add some shares.
Any thoughts ?