I'm kind of surprised myself with the sp action today, but
I have some thoughts to share, briefly. I hope they can help some guys here with their decisions whether to buy/sell/hold. Not giving recommendations, just sharing ideas. In my view the report is pretty good. In terms of the 'negatives" some guys were asking to point out , I so far found just one, that is 17K bbl/d production in 2016 YTD which I think is reasonable decrease before the agreement was reached. 2)$3.6M in losses for the year is NOTHING in current oil prices environment, it's rather achievement. Look at the big guys who take in hundreds of millions in losses. 3) Why don't you guys care to look at the charts from time to time? Since January 20th low of $0.60 the stock moved to $1.28 in just about 45 days, and that's more than 100% .I'm sure it has a lot of room to catch up with but it doesn't usually happen without corrections . It was clear that around $1.25 there would be a some uncertain point. March up or correction .Fundamentals have changed and the charts support this .SP broke through January's $1.06 resistance level to reach $1.25-1.28. Oil keeps moving up for now , but I think this thing of $0.60 to $ 1.28 in a very short term requests some corrections which have not much to do with the Q/A results. The thing is, the chart is trending up. Check it. The chances for it to go up are now bigger than to go down.