RE: RE: Great Long Term PlayJoe,
They have a big driling program coming up and really are a low cost producer. I wouldn't be surprised if they are looking for more money to complete all and drive this company closer to a $1 without another share issue.
All in all my limited experience is this :
Don Vialoux = coming into seasonal gas plays !
Hurricane season upon us !
gas inventories reported first drop last week I believe drove price up !
lack of past drilling should cut supply more !
Now 2 weeks ago there was nothing on the ask available. Since - dropped down to >24cents and lets say 150,000 available from 27 to 30 cents.
Should settle down around this level and then I will jump in and buy some more.
I think all the pieces are in place for some reward but time will tell.
GTTA
Riptor