"texon are in no rush to jump into the second frac immediately without the first well results to examine."
Agent if your speaking truly above you have information unavailable to the market which prohibits you from buying or selling.
Otherwise your going to get done for insider trading.
Right now theres a hell of a lot of talking about other peoples acerages, other peoples wells and not many facts, lots of unknowns to do with TXN.
This scares me as it generally means theres lots of unknowns that equate to carrying risk. Risk which should be reflected by a cheap sp. And thats not the case with TXN right now.
Guys im seriously worried some people are gunna get burnt on these as i ran a ruler over Augustas 2nd set of figures and they are in the ballpark. Those sorts of repayment at 18-24months shouldnt be carrying a premium imo.
Play it smart! Do your research and be careful of the hype. It doesnt look like the next AUT yet. It could be but right now on the facts we have which are limited its certainly not comparable. A second well may change all that, but right here right now as we speak its looking more like at best half way between AUT and AZZ.
Only time and facts will let us know.
TXN Price at posting:
70.0¢ Sentiment: None Disclosure: Not Held
