GREY:EXTSF - Post by User
Post by
Tokatoon Apr 10, 2007 11:48am
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Post# 12578045
Support Building
Support BuildingStock last traded at $1.90, up $0.07. But now bid at $1.91 and a huge bid at $1.90. Should go above $2.00 very soon. Got the positive momentum now.
My prediction is the stock will be $3.00 by the time it announces Q2 results. My prediction is for Q2 production to average 3,300 BOEs/d, but the production rate at the time of the Q2 release will be 3,500 BOEs/d with some behind pipe. Plus, I hope for some additional big successful wells (where tie-ins would be Q4). My gut tells me an exit production rate of 3,800 BOEs/d. Company's guidance is, I believe, about 3,500 BOEs/d (which the street still doesn't buy into yet).