RE: RE: price of oil jumps over 97$, but......I agree, this stock, to date has been a show me first stock. The run up before Christmas was the result of work being done from prior months. This information was well known but the run only took hold after the results were proven. Most stock have good or bad news priced in, but this one seems to be nuetual and waiting for proof one way or the other. Once the market sees the stable increase in production, and cash qenerated from the oil price, then the stock should have the aproperate leaverage to the oil price. Until then we wait. I bought more today and I am quite confident I will be rewarded 2x. maybe not next week but by Dec 31 forsure which is fine by me.
news pending on these wells coming soon
13-7
06-36B
06-30
08-07
water flood aprovals
02-36 back in prodcution timeline?
will all this news in the pipe, a good release should be soon and stock price respect along with it.
good luck to all the longs .
If anyone has information on the above wells, or the 2 wells from the fall drilling program they are working on please post
Cheers,
life learner