TSXV:PEC.H - Post by User
Comment by
ssthvon Sep 15, 2011 8:56am
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Post# 19044444
RE: End of Day Summary
RE: End of Day SummaryYou are right, the first ones are usually the ones that look promising but I have the feeling that once the JV are signed, drilling will accelerate, onshore and offshore.
Hopefully, when gas production starts in late 2012, we will see the SP back to 1$ and if they, or one of their partnership, hits oil, then it can move much higher than that.
If SPC-2 is another dry hole, it will probably go to .30$ so if the 1$ prediction becomes true, it could be a nice bargin.
I am too optimistic ?? Please let me know that you think