RE:RE:RE:RE:Spoke to IR re: small delay !90 day moving avg is roughly 18 cents off the top of my head, if we brake that then theres a good chance we dip back down to 12-15 cents until first well is tested and on production or if they hit the 360bpd expectation then the sp will head north again.
If they finally come out with a deal on west/east pepper sp will move. the stock is a hold for another 5-6 weeks to see what kind of numbers we get from production, until then i dont see the sp holding current levels
we just had a major run for oil and gas stocks and the price of oil per barrel skyrocketing for a few weeks, now markets will balance off and settle over the next handful of weeks as global events continue.
Sell on news once drills are turning ?
GB
silverT wrote: I doubt it will drop to 15 or 17.......but should that happen I'll be around to take advantage
No fear