I still don't believe this to be a regular CR, where were all the fluff Ann talking about what they want to target in the short term and how many bazillions barrels they expect to be in place?
Any previous cr has had a lead up of target talk and Ann stating what we're worth thus getting everyone excited, I know pattersons came out with a 20c target but from prior experience they wouldn't attempt on this 1 Ann alone...IMO of course
My point is would a cr with such Iittle pump with fluff get across the line with either mum/dad investors or even sophisticated investors for that matter ie: pattersons customers. Especially after previous losses they may have experienced during previous raisings......
That only leaves me with one scenario, whether it be a major investment house taking a big stake or a major o&g co taking a big stake in our co. I would love to say at a premium but this maybe a bit ambitious....
All IMO just spreading my gut feeling and analysis of the situation....
CTP Price at posting:
52.5¢ Sentiment: Buy Disclosure: Held
