Niko Resources Ltd NKRSF

nice pop back from the poophouse

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I   bought   some  at  market close     yesterday cos it looked     like it had oversold  since the discovery  drill  results.   Talk about a  lucky bounce.   I  got the feeling it was pushed  down  so      some  players   could load up on cheap  options but   the option activity is  zilch as well  as the open  interest so that hypothesis was laid to rest.

  The wide  spreads make it  hard  and costly   to   make money on. While two  months ago  many   oil and  gas     firms were at  52 week lows  ,  now many  have crossed  the midpoint of the ranges.  There was alot of overselling last  year     starting in the Fall    by overseas investors in the Caandian   oil and  gas space.  I  think  alot of that  hot money  went  to the   Japan  trade   and its  starting to come back    here   Niko  ,  with   the notes offering out of the way, some asset sales,  and better   science    on the drill  bit     looks like it  might be  recovering.  Before  I  think  they were  drilling for the sake of drilling,  now  the   programs are more measured and caluculated and shareholders  should win  if they  drill  the   best opportunities   within their  vast land  holdings.