OTCPK:WSRLF - Post by User
Comment by
kaosblueson Jul 14, 2009 9:19am
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Post# 16135473
RE: RE: Calm before the Storm?
RE: RE: Calm before the Storm?Don't put to much emphasis on the price of oil on this one. The major factors here are whether they hit oil, and how much, the technical ability not to screw up like last time., and finally the political situation. the oil price has to be factored in sure, but I don't think you can make much of a correlation with recent SP movement with it up or down, unless you want to argue that the recent drops in oil price caused the stock to move up and vice versa. Doesn't make for a very good theory. I think the recent volitilty has much more to do with hitting a payzone at the wellsite and while it was a bit overdue (and therfore SP fell a bit to 1.60) it popped back up once they started to get near it or hit it (1.80). There should be sustained upward pressure on the SP over the next few months, expecially if the news is good. No matter how tight lipped the company and operator are about progress, good news always leaks out to some extent. The recent rise in price is good for all WZR sharehaolders. It also may be a precursor to a bit of a jump, breaking $2 would be great and in my estimation long, long overdue.