When India returns back to growth together USA, demand of Oil will shoot to $100 somewhere in 9--12months. Demand of Velesto drilling Rigs will results in massive increase in Bid price for its service. This is how Velesto price increase to 3.80 when Oil hit 120
Good morning, inside news; Velesto is negotiating new contract with Petronas. Brent crude oil has touched USD 64 hence it's profitable to start drilling again
It takes almost 6--9months to drill a well. Demand will come in 2022 ....all countries finished vaccination in 2022......2021 should be a maximum demand for Velesto service
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Chaostrader
887 posts
Posted by Chaostrader > 2021-02-18 15:23 | Report Abuse
Don't sell too soon...enjoy the breakout. I missed out in Armada when I sold too soon.