The Strange SNV MarketThis stock sure has a strange trading pattern. The published date for the drilling of the earn-in well has passed days ago and drilling seems not to have commenced, yet the stock remains bouyant on low volume. In the absence of news this suggests that the public float is tight. I am amazed by the tolerance of this market in a news vacuum especially given the recent wild price fluctuations.
The market is expecting positive news and the - pre-open is strong. It seems to be expecting news in the very near term.
Given positive news and recent price performance IMHO, SNV could really perform explosviely - as it has done of recent times.