Post by
drunk@noon on Dec 18, 2020 10:21am
Also of note: they made it clear the testing of the wells
is a ways off.. Such an announcment
a) reminds one that although the wells were touted as hudge successes, the degree of success has yet to be substantiated therefore their is still risk there considering the market cap has climed to the 450 million range. The results of the testing could very likely exceed expectations, and point out how undervalued we are at these levels, put you test for a reason.
b) the other factor is that the news release point out that the results of the testing is months away and therefore their is no positive catayst taking place in the short term------thus profit-taking for the dullards who should have sold in the 2.20 range if they are in the stock for the short term.
-Thus the price action can be explained.
Comment by
Chreca1 on Dec 18, 2020 10:25am
Total BS ! Shut up if you don't know what you are speaking of ! The testing are imminent if not already ongoing. News will be out on the Chinook tests in weeks not months !
Comment by
Chreca1 on Dec 18, 2020 10:26am
FYI I've been in contact with TXP this morning.