New to this board....any thoughts on PET....mixed revues on other boards.Worth buying at current price (40p) or avoid like the plague?

steviec

Very very risky! Plumetted like a stone when they didn't get the first Iraq oil contracts after huge hype. Resurrection in the SP has been due to rumours and only rumours that PET may win the third contract. Depends if you like a bet with possible significant returns, but with similar significant downside. I know that quite a few were 'burnt' following the the last time around and personally I would not touch it with a barge pole! However, I try to be at least a little cautious now and again!!

Regards

PTH