It wasn't the well that pushed the price up today, it was me selling 10% yesterday at 37. Finally ran out of patience, but lol will sell no more for now.
Looks like the market will react very favourably to any success, and a nothing better than a drilling campaign, rather than a single well which so often dissapoints. What we need is demonstrated cashflow surplus, like CVN has achieved.
I liked the upbeat announcement, and the reaffirmation about production budget.
EL
SAE Price at posting:
0.0¢ Sentiment: None Disclosure: Held
