RE:RE:RE:RE:RE:Oldnag and your warrantsI think Pointer has a point here, that we might have been guilty of thinking this uptick would not hit any turbulence.
I'll put my Captain Obvious hat on and preach to the choir.
It's the first hour of trading for the week: don't panic. Those who are taking profit now, or have found a better prospect, good for them. Now, the buyers today are more committed to seeing this through to the next level of PIPE's plans.
Remember the fundamentals. The field production of 20k boed last month is already closer to the year end 24k target. Commodity prices are up. Higher production and higher prices = faster execution of the plan. This leads to hitting free cash flow sooner.
pointer wrote: Cashcow49 wrote:
looks like shorts running for the hills
Looks like just the opposite. Didn't really expect selling this morning, as it makes zero sense.
So much for the run to $2.50 by spring. :o(