TSXV:PEC.H - Post by User
Post by
Jimskion Oct 31, 2012 8:49am
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Post# 20543198
Danny Deadlock had it right
Danny Deadlock had it right Everyone has lots of opinions that the well is good bad or indifferent and they seem to change by the minute. Danny Deadlock had it right in this quote from his last PEC article here. Everyone should just chill. When the results are out we will know.
Volatility can be extreme as the closer they get to target, the more nervous everyone becomes. Rallies can be interpreted as a commercial discovery (yet they can easily be wrong) and selling can be viewed as a commercial failure – but that too can easily be wrong.
Few will know except those working on the well – and insiders. And I suspect this is a tight hole so information will be closely guarded (as best they can). At this later stage of the drilling phase, I find these difficult to play because they can be nerve racking – often exciting – but equally nerve racking.