RE:RE:RE:RE:RE:RE:Pull back and entry point.I was surprised at the reaction as well. I think that alot of the "investors" were just hoping that some guy got lucky and bought good land on the cheap and didn't have the capital to develop it therefore being a quick sell at a profit if they sold out.
I think this ones gonna take a while to settle out. Buyout not likely to happen this year, they will want to see the battery built and some more exploration to the east side of their field to prove that the bulk of the land is in the sweet spot.
If the next 2 wells prove well and they build the battery and they explore the eastern boundaries and prove the reserves, this will be a very attractive play. Or should I say, much more attractive.
I think I'm gonna go long on this one. Garth has his ducks in a row.