TSXV:ART.H - Post by User
Post by
Inveskingon Oct 12, 2010 5:38pm
536 Views
Post# 17555689
Economic Oil...
Economic Oil......why are so many people low-balling this play?
People are saying with a big hit, back to $1.30... that is total BS.
There is no $1.30 here, maybe for a minute when it is flying by that price, but $1.30 is a serious low ball.
They either hit oil or they don't.
If they don't, then bingo-bango back down down down, probably the way WZR did...
If they do, with the size of the structure determined by the siesmic, the oil numbers will be huge and $1.30 will be a mere fraction of where this will end up.
If they only hit SOME oil, lower numbers,... then possibly won't be economical for this area and down she will go again... I can't see any scenario that results in an 'end of the day' price of only $1.30.
Personally, i have been on the sidelines to many times and always miss the big run-up or gap-up... and always chase. Not this time...
good luck to all...