So, where are we???After a string of disappointments - yesterday's news was a welcome relief for shareholders. Even though some may be upset with the lack of a big bounce in the share price - it was an extremely important and positive piece of news relating to the future growth of ATK.
Shortly, after the bans in Manitoba are lifted, they will frac the next well and re-frac the first well that incurred some initial problems. I also believe (hope) that the HZ drill will occur in the Sprinon the Porcupine site that offers some very exciting potential. I don't know where they stand on the Windfall and SASK properties. (We could use an update) And I also don't know how far the recent financing can take them, But ----I like this story and - based on yesterday's news -they have proven that the Spearfish site alone ----offers the possibility of a very rewarding investment for those buying at current prices.
We may see some weakness during the enforced down time. It's always frustrating to go through it but it also provides an opportunity for those who like the possibilities going forward. I do.
D is T