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Strike Energy Ltd (STX)

Currency in AUD

STX Comments

Good news announcement today by Strike, yet the price has dropped considerably. Scratching my head as to why the price drop?
after a 400 % plus rise over the last few months imo allot of people jumped on the news to take profits, as you can imagine lots of profits where there to take, friday took out allot of stop loss also with people that bought in late around the 300 mark, moving forward for both STX and WGO they have a big oil and gas conference this week, and you can only assume the rock star welcome they will get after an amazing drilling program has ended, they are grabbing further information about the finds that will also imo have great results, once the well has been flow tested the true value will be seen, and risk will be gone...IMO this JV has along way to go in growth and is very exciting, well done to people buying in now at cheap pricing and congrats to people who sat in for the ride..great times ahead
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