OTCPK:ARNBF - Post by User
Comment by
opg210on May 12, 2010 3:54pm
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Post# 17091657
RE: RE: Disappointing market response...
RE: RE: Disappointing market response...Valid points guys. It makes sense that the market would look at it as only two successful horizontal wells, with a correspondingly modest gain in share price on news of the second success. I was viewing the 5-34 well as a step change in the credibility of this whole story, and thus expecting a major revaluation. The question of whether that well is a major development is what adds risk and potentially large rewards to this stock. Obviously most on this board have placed their bets.
Plus, I agree that I'd rather see a slow build on consistently good results, than a quick run up followed by a quick run down on the first disappointing news. I'm looking forward to the rest of the year's progress. Mickey, I hope you're right about Pengrowth! It does seem to be a perfect strategic fit.
opg210