Wonder what will happen tomorrow? - I didn't get a chance to see the strength of the close today. There could be some profit taking on the basis of such a strong jump - however if the instos are still crunching numbers there may be some more strong buying, but 34 million shares traded suggests that the heavyweights were jumping in - any thoughts?
The flow rate of 9000 bopd was clearly well above most expectations today - the market probably would have been content with 5,000 bopd imo. This hopefully will lead to further upward price mometum as the insto's factor this into HDR's valuation. I recall 12 months ago the some of the most optomistic posters on HC were saying that tiof could be a 1 billion barrel field - good call guys!
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hnr opens at 86p, currently 88.6p, page-6
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