traders abound - p & d will be evident, page-2

Traders definately, but I can't actually sense any huge P&D.

ST traders may, I guess, expect the SP to go further on finalisation of the drill & frac contract (which is expected any time, along with a 3d analysis and drilling schedule for the quarterly) and there is the broader US based re-rate of the Niobrara play. Some traders maybe hoping for some easy 30% gains over the next week or two after jumping in on the volume and price rise of the last few days.

As per my other O&G plays, my focus remains on the fundumental value of the O&G. The rest is (interesting) noise.

Compared to some other plays SSN has low (fundumental) downside risk IMHO with cash in bank, consequent capacity to enter favourable JV deals, acreage that is (perceived to be) much better than average for the niobrara and a capacity to move in on several plays at discounted farm-in prices should the company so wish. Multiple well capacity also mitigates the risk of the odd duster over a medium to long term perspective.

My caution is that fundumendals don't always protect against volatility... particularly in the ST.

New medium to long term holders will now be seeking to make gains on additional news. With no crazy gains over the last few days exceeding (what I perceive to be) fundumental value (discounted for market sentiment on microcaps) all is and remains good. cheers