Post by
4fun on Oct 03, 2013 4:42pm
Volume yesterday and today likely the dividends
Nothing will really move this stock higher except the completion or near completion of the new pipeline. Good test results for Umu 11 will not have any positive impact on the selling price but a poor results will drive the stock lower. Even starting to drill the horizontal will NOT move the stock higher. Although, I did buy more shares today it was minor and I am a long term investor.
You'll have to hold your nose and your breath and just keep the faith that the new pipeline and 28,000 bbls/ day will bring us back up again.
Comment by
gibbonsj on Oct 03, 2013 5:03pm
sound logic my man! Everything that has to be done is being done, it just takes time and we're talking Nigerian time.