RE:Looks like the 2009 build up to first oil from JackyLooks like the 2009 build up to first oil from Jacky All over again!!! Stock was in that .20 range and then .50 range and then .70 range and it kept on building to $3.00. Stella first oil just around the corner and one would think the stock should take right off, just like when Jacky first oil was right around the corner.
I completely agree Crow - that is, I agree as long as Brent rises from its current rate of $40.00 up to $120.00 a barrel over the next year, just like it did in 2008/2009. The thing is, the PoO is NOT going to rise to $120.00 over the next year, or for a few years for that matter. If we see anything close to $50.00 by the end of this year we should consider ourselves very fortunate. And at $50.00 the company will be sold but not for the price you are suggesting, at over $2.00. That ship has saled.