Potential of WZR opinion. There are two major issues for this stock.
1) Geopolitical- last time it looked better and oil companies were being paid the stock was almost $3 with much less success in our wells.
2) What is under the ground. We know oil but how much and can we get to market.
There is the potential that after years of waiting we will see some movement in both of these areas in the next two weeks. This is exciting. Little doubt that news on the well will be good the only question is how good and how much will we be told. The oil and gas law now has three if not four power players pushing for movement ASAP (articles have pointed out UN, Russians and Americans having meetings with both sides on the issue recently).
It is correct to point out however this is a risky area and in the past 4+ years of owning this stock I have had many highs and lows. When it was a 40 cent stock it was downright crazy. Today we all think it is under valued just how much who know. If Iran heats up..... the whole area is a powder keg.
My observation is: If we look at the brokerages following the stock most have not updated price targets in a while all pointing to this well test results as a motivator. With a record number now covering the stock the potential for a brokerage $5 + target in the next few weeks is realistic and then from there who knows. I love this company and am very positive on the management. I doubt the $10 ONLY because I think we will get bought out before there is a chance to hit $10 but who knows.
Clinch (still long on wzr)