Pemex Updates Chicontepec
https://www.businessweek.com/news/2010-03-24/pemex-should-focus-on-chicontepec-productivity-commission-says.html
Pemex was aggressily drilling all the easy oil at Chicontepec turns out that drilling more isn't generate expected production.
Commission is saying drill less ie spend less but recover more from what you got.
1) this means drill in a smarter way
2) Recovery more
How will they recover more?
So far nothing else than WEE was release to the market.
No other technic is possible.
As soon as we get more details on the recommendation, I think the stock will soar again.
Sellers are not out in force (weak selling) no volume day
Buyers are constantly buying.
A dog day...
Last time WEE was at 2.20 or so, we didn't had the 3 past news release about new clients, Chevron and Trust...
2.20 was cheap then, it's now insanely cheap.
I was expecting a panic day today.
Didn't happenned.
As people search for clues, they will find nothing.
WEE grab a lot of attention, I expect strong support from new shareholders.
Also, that investor meeting is next week it will generate more prof. buying.