Gotta like OGXPY the last couple sessions. I think that the announcement of way lower than expected well flow rates, right before quarter end, made OGXPY a perfect candidate for institutional window dressing sales late last week. The rebound this week suggests I was on the right track.
My original shares at $10-ish are buried underwater, but the ones last week from $2.36 look pretty good.
Strategically, Brazil has to work towards energy independence, and OGXPY figures to be in the middle of that.
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