RE: News out WVR acquires more land
well with the land purchase news release the trading and price movement make sense now so far ahead of news coming out on the Phat City drilling. Obviously somebody thinks they have something. If they hit on the Nisku target this thing could really move. Completing a Nisku well is far easier than any of the Shale plays in Montana. According to the Oil and Gas Investor newsletter the Nisku is also an insanely profitable play in this area. I think he said it had a 12x recycle ratio but I dont have a copy of that release handy.
One brokerage house has a big position in this thing with a 1.75 price target so dont be surprised to see them start moving some shares to their retail accounts.
I hope they hit.