RE: RE: Great Day"this recent run has me surprised... guess its just the resent results are sinking in for people"
This always happens when the drills start turning again. Whether its energy or mining names it always the same. Its no surprise to me. Especially traders. Thats the real big money thats moving right now IMHO.
They will move in and ride it up until the last drill results are out and then they bail onto the next company that drills. Drilling always is a catalyst. And catalysts are what move a company's SP up or down.
If TPL only drill 2 appraisal wells at Doria, then expect money to come out after the drill/flow test results of the 2nd well.
If its 3 wells then at the end of the 3rd well the SP will come off. That usually the way it works b/c no more news, in the short term, means no more catalysts. And traders only want to invest $ into things that are constantly going up in the short-term. The med-term and long-term means nothing to them.