RE:To explain...A great way to see this is looking at Vol + MA on the Yahoo finance technical charts. I think the share price is in a holding pattern, supported by the 50 day SMA. By the end of March, we should see the tests from MA2 and MA5. I have been expecting them for awhile. They should either have spudded or are close to spud ding the new LLA23 well.
Actually, my only concerns with the stock recently is the lack of production update, which makes me think that the Rancho Hermoso production has dropped. My other concern is the lack of results from the two MA wells. They say in the new presentation that they are 2 for 2 but I want to hear the test rates. Logs are interesting but production is king.
I say holding pattern stays until the guidance for the year is updated and hopefully increased.