RE: Thats going on!I did double up at $3.60, couldn't pass that up! Looks like the financial offering was holding us back a bit, probably intentionally, but who knows!?
The increase in volume, even when you back out the crosses, is obviously very positive as it confirms the change in sentiment to the upside!
WRT gas prices being sluggish, yes they are, but these guys are still making great cash flow at $7... we will also benefit as F&D costs are being driven down by virtue of capital expenditure cut backs by the majors! Everything is getting cheaper and more readily available, including rigs, pipe, valves, tec.
Op costs are and will be an issue for a while but that's simply due to the lack of manpower and can be offset with automation which I've been told Cork has on every producing well! All IMHO and of course do your own DD!
C300