RE:Will WPX price gap up?Not necessarily. I have been out of juniors since 2012 and took a huge haircut on my portfolio. I owned wpx at a time but sold out. I bought in recently at current prices given the fact that most resource stocks have taken a huge hit in last 5 years since 2011 peaks. Hoping for an uptrend here as things cant get much worse. Upwards from here IMO.
Cannot compare to krn though as they have an off take with a direct user compared to wpx. Unless something like that happens we will linger around here. Upside for now is back to 30 cents range where the Chinese companies did the last financing. Once they start building the pilot mine and can get some off take agreement, things will change substantially.