Borders and Southern makes retrace and begins to look an interesting play again

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It’s been a rough couple of days for Borders and Southern with a fall back from 32p to 23p at its low point today. The shares spiked sharply last week after the announcement of a likely 190 million barrel gas condensate find in its South Falkland Island acreage. After the sell off, at 24-25p, the shares are starting to look like a trading opportunity but, as stated before, all depends on Falkland Oil and Gas and results from the Loligo well won’t be available for some weeks yet. 

Contrarian Investor UK

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