RE: The numbers look good butWith this good news could they be trying to cushion us for bad drillingresults.
Not likely, bad news would have been included in today's release to buffer the impact (ie hide bad news in good news). Only an amateur would have done otherwise, and these guys are not amateurs, they're the best in the business.
My take: the better strategy is to have a good release with hints (today's), followed by a second good release confirming Stella success (later this week). This way we get two catalysts upward, and for those savvy investors that can read between the lines it lets them acquire before the next rise (confirmation of Stella).
My take on Stella is that we have success, everything fits and the extra days make sense. Plus, in today's release, if you read carefully, McKendrick basically says Stella is good.
Do your own DD of course, but my guess is we get a reserves upgrade with Stella, and possibly acquisition news in the not too distant future. I'm thinking a double from here in the next couple of months is very possible as we remain undervalued in a market where most is fairly valued or more.
COOP