espadon results...what's the "feel"??, page-10

hooter to hardmano H H.
Prior to the events of last week I would have thought a duster would have knocked the s/p down to around $2.23.

The fact that the price fell to $2.16 for no apaparent reason other than the news that the well had to be re spudded suggest that the market had factored espadon in to be winner ? presumably because of company comments re low risk and the probability of csemi scanning of the target.

The bounce and recovery back to $2.25 albiet on low volume is a positive. You would think at the current price a fair bit of duster is allready factored in.

Over the years I have learnt to expect the unexpected from HDR ? a duster could see the price test the $2.08 support level ? but somehow I think the price may in fact rise on volume even is its a duster .

I think the chompers may shake the tree for 10 mins then pile in volume buys as the long term looks rosy and at $2.25 or under the full value of ching and tiof arnt fully factored in on declared information let alone the probale upgrades.

Cheers Hoot