i am a little bit concerned that the remaining wells, even if successful, will not ad much value to the co in the current market climate.
if the chart had remained in uptrend, and gas was flowing, there would be no reason why investors would not want to price in the other smaller wells.
but the fact that the co just acquired more 3Ds makes me think that they are already aware that the upside has begun to vanish from this round of drilling.
in other words, the ST price mover has kind of missed the sweet spot, and the LT mover (the aussie shale angle) is fighting the gravity of a falling Dow to have any real impact.
NSE Price at posting:
16.5¢ Sentiment: Hold Disclosure: Held
