Diaz Resources Ltd V.DZR

huge drop today.

[aloush]

Does anybody know why it dropped so much ? wasnt the harvest notice for drilling good news? Surely the US oil inventories data couldnt have caused it. Anyway I managed to top up at 0.18 to average down!

[Stockstag1]

I'm assuming the results of the south well were discouraging....Not all bad news time to nab a few cheap shares....Drills r continuing....Maybe a bit of a breather!!!!

[anticline]

I'm no expert, but often the old market dictum; buy on rumour and sell on news, holds true.  To summarize: Well number two was producing 120+ barrels daily with Diaz holding a 50% WI.  I'm sure the rumours re: wells three and four would have them hitting similar numbers.  So, we get news that wellls three and four are in line with the typical numbers for this heavy oil play

[anticline]

I  was obviously half asleep while writing last night.  Diaz has an 80% WI in the block to the south - not 100%.  As stated,  the new plan is to drill the northern part of the 50% WI section where the wells seem more prolific.  The southern 80% WI block sounds like it lies down section from the highest producing zone, but the southern well still produced 50 bpd, so the

[aloush]

Another small drop today but thanks for your reply- awake or half asleep your post is informative and It has given me some confidence that atleast this does have a bright future. If you dont mind me asking are you invested in any of the canadian oil majors or do you just look at the small caps?

[anticline]

I generally have been trying to stay somewhat conservative so I had some Encana - now Encana and Cenovus.  I am also a fan of Imperial Oil - a well managed and profitable oil giant.  Nexen is another interesting company.  However, it is hard to ignore the leverage you can get with junior oil and gas stocks.  The problem is picking likely winners.I think our old friend iamwcw

[aloush]

Hi anticline,Thank you again for your reply and its nice to meet such a courteous group of people on this board. IYO, and based on the price movement of similar sized operators, at what price do you think Diaz could be in 12-18 months? After watching it from 0.11, I definitely got in at the wrong time at 0.26. ouch. Also, do you know roughly how high