Traders get in "Sales agreement announcement" then 2 minutes later get out again when the price doesn't go up more than 10% percent.
The long-termers here know the nuances of this type of agreement. Still think it is fair achievement and will mean other mid-sized operators will at least be interested in speaking to Icon to form some type of coalition for export markets. I think the market should support this in coming days in recognition of this. Calls for a move up to 40 cents over the next week or so, on the back of great BPT shale results as well, are much more credible than $1.50.
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