ST Traders look to be getting out... 6 months for Gas Plant was expected. Now 10 months... to affect the bottom line an extra 17%.
2nd Spud not end of year- it been highlighted as in the next 3 months.
Regardless we have 36M pa and a great 2012. No doubt a LT play... little MC relative to current earnings and especially forward earnings for 2012.
Yet doubting 100M pa until Gas Plant built now. I think they decided to be very conservative and outperform expectations now, the way it should be. Market never likes over optimistic reports then not achieved.
I do hope we have some dips like today, as it will be a great buy at certain times throughout the year. Value based investors only now IMO. ST Traders gone...
Cheers
HOG Price at posting:
33.5¢ Sentiment: LT Buy Disclosure: Held