In the next couple of monthsI think in the middle of the month the sp should move up steadily, Valentines Day should be about right. Everyone is expecting it to take off at the end of the month, due to the IP completion NR.
Of course people are not going to wait until the 28th, they will try to get in sooner, and beat the the next guy to the cheap shares, which will start a buying frenzy the week before, and probably much sooner.
Who would risk flipping their shares, when all you have to do is hang on tight for a month, but probably only a couple of more weeks, for a good chance of a 20%-50% rise in sp? not this guy, not until $1.50.
Guy may delay the NR a week or two into March just to raise that sp even more, and in the mean time he would be two weeks closer to drilling, that way he could release a series of good NR's in a short time span to keep that sp up and moving up.
NR's like: IP completed, drill targets confirmed, drills onsite for the past two weeks and drilling ongoing, and everybody's favorite drill results.
If he times it all right he could release those and many more all in a very short time frame mid-March to mid-May, a series of NR's like that could easily put the sp to $2 or higher.
Is it worth risking a flip? only time will tell
IMHO
Have a good weekend
Go Oilers