GREY:PENFF - Post by User
Comment by
killerrfon Jul 07, 2008 4:29pm
462 Views
Post# 15265418
RE: How low are we going???
RE: How low are we going???the overall markets are the craps right now which im sure isnt helping but once they get the well tied in and open the valve and produce gas and light oil... thats when the cash starts to flow. thats when the price will come up im sure. im no expert by any means at this market thing but it would make sense to me.
also if pennant is deciding to partner with another company to drill into the bakken in southeast sask their shares will really giver. im sure they are contemplating this also. plus they have their bronson property also which has nothing drilled on it yet. they could land a great producer out that area also. this stuff takes time.