Back from vacation - Recent acitivityHello Everyone, hope your summer is well. Been away for a while.
Just lookin over the recent activity, it looks like on Friday with many people away for long weekend some sellers created a small panic and/or a few stop losses broken. Really supprised it went below 40, but they in turn it scared some to get out with the price jump after news release. Maybe a few more have to get out.
Doesn't really matter though, as I love the NR. The best I could have hoped for. The length of 5 years is great for a nice longer term base of revenue. Multi-National in the US another great plus. I am in New business development and this is positive for other deals to be done in the US. They can point to this deal for synergies in geography and length of commitment.
Nice mention of no problems with Middle East current business as well. The business case just gets better with this company as the year goes on. I think the biggest jump in revaluation will be the next quarter results, unless there is another great announcement like this it could happen earlier.