Looking at the course of sales just now there has been some big buys go through.
It's surprising how under the radar this has been flying, but its probably due to the lack of fracked and flowing wells, but this is all going to change soon I think. Just having wells that are bringing oil to the surface (10 bod) is a thing in itself, particualarly with these being tight plays requiring fracture stimulation in order to get any oil to the surface at all. Also there's wells in the are as in the latest report that are producing 100bod in vertical stimulation, and 500bod with horizontal drilling. This is substantial given ETE may (depending on contract work) hold a net 60,000 acres! (from what i've read in the report)... Seriously undervalued and I think this may fly when we get an update on the drilling/fracking program for this year, which must be close. Look at SSN for what happens when management announces a solid drilling program to come for the year. GLTA, and all IMO.
ETE Price at posting:
13.5¢ Sentiment: LT Buy Disclosure: Held
