to be fair Kev, the update raises a few real questions about WGX near term production plans... They don't really go into enough detail regarding what I think is a downgrade on the June Q.
Wayne needs to get on the front foot and better articulate what his means... That is why the stock is hurting... though it also had a big run up in recent weeks, so like GOR (which had also run up until its weather related production issues, which saw it hit heavily). I still think that the June Q will be ok cash generation wise, especially with a higher spot price.
Still... the market want's certainty, and today did not bring it. I sold a medium parcel at the open, which I don't usually do, but... today's update has shaken my confidence a little (as in... that I want this to be a core of portfolio over the next 3-5 years).
Agree @wassa - I think SLR is now back in the lead.
WGX Price at posting:
$2.36 Sentiment: Hold Disclosure: Held
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