next move up
This company will have a number of opportunities to have its share price impacted.
Triangle has actually found large quantites of gas, Can the shale be fractured enough to get he gas to flow in commericial quantities. this has yet to be done.
Then there is Triangles other upcoming wells. This is what I consider to be long term stuff as in the late fall or next year.
However, consider that we should hear about Triangle's second partner to assist with the drilling program. This we should here about in June.
Also, we can look forward to CDH's well that is being drilled. Positive results would push up the price.
I understand Petroworth is drilling or will be drilling too. Positive results would push up the price.
Should CEX be able to do a PP at reasonable price, say raising $10, M for drilling. This too would be positive.
Also, should CEX do another JV with some more of their massive land holdings, this too would be positive.
What are the thoughts of others here on this BB ??
All IMHO !!
MEiffy