Crude oil nudged $82 on Friday and closed at $79.64. The forecast calls for $92 by the end of the year. If the MRT were going to refuse EEGC,why haven't they done it by now? That's because of the pressure they are receiving from the Tasmanian investors. That's why they put out a preliminary statement about relaxing time requirements for leases. It's all leading up to approval for EEGC. Oil over $80 a barrell, MRT approval of EEGC's application and a rights offering which is all but sure to be approved. I'm holding tight. Howard has been saying "patience" for a long time. We won't have to be patient much longer.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.