Neon Energy NEN looks to be gaining momentum as it approaches the release of the June quarter report. Commentary from the MD has indicated the onshore operations in California are close to covering all their corporate overheads and they are getting closer to drilling the highly prospective acreage in offshore Vietnam. The stock put on 12% yesterday on big volume (highest since May), comments from the MD here (VIEW LINK)
I have 13 years experience in equity markets and financial media. In 2013 I Co Founded, Livewire Markets with Tom McKay. Our vision is to be the #1 source of investment ideas in Australia. Opinions expressed are my own.