RE: RE: this weekThe sale of shares of SYH is not surprising. They have already had to give up part of their % in this project to pay for their share of drilling. With more drilling to follow unless significant change in price it will take a substantial PP just to pay the bills. That or give up an even bigger share of the project. I am long on CYP but would be selling SYH now if I held any shares.
Problem is that I would probably being buying CYP with the proceeds ( which is where the high .11 bid on CYP this morning probably came from). Better buy if results are good given the ratio of ownership to SP. THis sell off could be good if that is the case.
I