PETROCELTIC (PCI):CHART AND DISCUSSION THREAD (moderated)

That was a bit of a squirm Robin.
Of course, RIFT could do very well in coming weeks, I'm there too, but there is no sign that the uptrend on the chart of PCI has been breached.

Also I see few sellers here with this newsflow on the table now.

My only concern is that once the Algerians have gone down the 'Russian Road' of revoking licences and upping Sonnatrach's portion, how long before the next revision and revocation. The licences are not writ in stone now. Risk has risen. Even so, a large field will always attract the attention of Majors. I suspect PCI is fairly valued now around 15.5p until significant new news, whereas before I felt we were undervalued.
H.