RE: RE: RE: RE: let's see some resultsPXM was a sponsor along with BUK. Mackie, at this point, doesn't cover PXM, just as Byron doesn't yet cover BUK. I would expect both to eventually cover the other stock since it would seem logical that they eventually merge.
I expect that we all thought that there would be news on a well by well basis as in the spring. There is a valid reason, no doubt, that they are waiting this time. A visit to the site by people is not "material" and does not require a news release. And, although successful wells may be considered "material" there are exemptions which allow companies to hold back news.
The stocks may be stagnant but they are not getting sold off so I doubt very much that there is any bad news.
K2 was the seller and at their peak held just under 20% of PXM. They have lots of cheap stock and although they bought some at .50 it is unlikely that the trade was at a loss based on their overall average.
Gas has been weak for a long time so I don't see any change there.