RE: One more Day:STVP,
You are right it was an interesting day another 2.5 years low today. As I predict before this stock is going to my 75-80 cents target price.
I spoke today with Soberview specialize on the Neuquen basin and what it responded me confirm my thought :
"CWV's property with "Vaca Muerta potential" is way up at the north tip of the basin.
- YPF has lots of land up there too
- but YPF is NOT planning to drill up there next year at all (their 2012 drilling map shows they are drilling for Vaca Muerta only on their properties in the main basin)
Why is YPF not bothering to drill the Vaca Muerta near CWV's property?
The Shale will be very shallow up there, with not much pressure. Thin.
- compared to results that will come from the main basin, it will not look good
- but you never know, they might get JV with a U.S. Shale company and create a bit of market interest from thatCWV's property with "Vaca Muerta potential" is way up at the north tip of the basin.
- YPF has lots of land up there too
- but YPF is NOT planning to drill up there next year at all (their 2012 drilling map shows they are drilling for Vaca Muerta only on their properties in the main basin)"
I decided not to buy any shares at whatever price (70 or 60 or 50 cents) I think their neuquen property is bad quality. Maybe there is some small potential on other properties but I only invest on big potential.
Anyway I wish you good luck to you Wisee and please don't listen to STVP pumper, really not credible.
Bye bye
Julien