narrow trading range waiting for announcement
Trading volume slow and steady.
Buyers nervous after past volatility.
Sellers nervous about getting out with possible trading halt prior to potential 2-3 banger announcement.
Its the calm before the storm. Don't get trampled in the rush when it comes!
84c at close is my bet prior to stampede -> $1.50 -> $3.00 within days is gas in next targets or wireline results very good, $5.00 if oil as well. Stampede to 30-40c if no further finds which would be a bargain IMO.
Note that most times when first well negative gas or oil is subsequently found, esp. in established basins (such as Paradox) due to quality of pre-drill survey work these days!
GDN Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
