SEEN this trend before ...
In the last 18 months there were no less than 4 distinct cycles when CYP and SYH went up on anticipation of drilling news ... only to come crashing down with news (or the lack of it!). I am long and hold plenty but will NOT count the chicken until the eggs actually hatch some real tangible nuggets. ALSO beware some of the familiar names that usually parade around here in the weeks leading to drilling results, pumping and thumping and prophesying that the golden heady days are here. You know them and their modus operandi; if not, read my previous posts on every occasion of CYP drilling results in 2009. REMEMBER: we went as high as $0.42 just some 6 months ago on drilling news anticipation.