GREY:ENGFF - Post by User
Post by
SENSAI1on Mar 13, 2008 9:42am
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Post# 14651653
Question for the Board.
Question for the Board.Groundstar Resources (GSA) announced that they had spudded their Egypt block a few weeks ago and have a 30 day drill program ending in a few weeks and the stock price never shot up when they announced spudding and it still hasn't moved as we get closer to the end of drilling , looks like the stock price ($1.40) already had this spud drilling news built in.
Energulf is going to be drilling within a few weeks and is currently at $3.40, what makes everyone think this will shoot up once they announce spudding, what makes it different from GSA which is also drilling a huge oil deposit? Not bashing here, just trying to understand people's thinking here.