Post by
ARRHWSK on Mar 19, 2021 11:52am
Random AXE Thoughts
With respect to share price, I suspect that the big money players are trying hard to keep the share price from breaking the 52 week high of $37 so that they can accumulate cheap shares.
When it breaks $.37 it will likely be with a flurry, taking out the last two resistance levels from years back of $.39 and then $.43 per share.
The technology appears to be de-risked to the point that they know it will work. You don't get this kind of money from major industry players and government sources without offering substantial proof it is going to work.
Yes, there will always be a snag here and a snag there, but there is probably more risk in drilling the well properly than using the actual new technology.
This is looking more and more like what Packers Plus did years ago to revolutionize horizontal fracing.
It's definetly going to be an interesting year for the company and it's shareholders.
Enjoy the ride.
Comment by
Whampoa on Mar 19, 2021 1:42pm
YTD shares traded, just over 7.1mm shares or 6.8% of shares/out. 93% not participating, which is great. Tightly held.