GREY:RNSFF - Post by User
Comment by
ferret_caon Feb 27, 2019 12:43pm
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Post# 29418389
RE:RE:RE:Price is falling because....
RE:RE:RE:Price is falling because....haywood did a cross for 300k shares at .13, prior anon seemed to be crossing small lots walking it down to .13.
I can definitely see why some are selling as the migration is taking longer than expected and there is at least some risk it doesn't migrate. I don't see any serious buyers entering at his point until migration is complete. It's trading like there is no migration so I think downside is limited as the chiapas blocks are worth something probably close to where we are now.
what I don't want to see is pemex going ahead and actually drilling more wells into the upper jurrasic before migration happens. roe could possibly end up between a rock and a hard place where roe is expected to remain on the service contract while pemex moves forward on the amatitlan and migration becomes a circle jerk. just my mind wandering here, lol. it is mexico so maybe we migrate manana, lol.