Deep Well Oil and Gas (fka DWOG)

[bhumiartha]

October is always a sell-off month in markets. Suncor is at its highest ever production, economics are robust, but it's down from $44 three weeks ago to $35 and falling today. People who live and die by price are dumping. Those who buy and hold on value aren't budging. That's the nature of the market. Re Sawn Lake, the pilot well will keep producing for at least 25 years, and obviously there is enough capitalization to pay for more wells and more production. So depends on whether you are a price-driven or value-driven investor. If you a price-driven person who bought DWOG for a nickel, you are still making a huge profit by selling for 25 cents.