Interesting to watch the dynamics at play here. Big SP move yesterday and profit taking today for sure, also some de-risking. All comes when logging news is expected in the next 36-48 hrs. Add in the expectation of hitting the primary target in a week or so and you must ask why? The well has exceeded all expectations to date and the likelihood now of another long oil show in Alameda must be almost certain. So why dump and run??? Will be fascinated to see who the real winners will be here. The dumpers or those holding until the well is complete.
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Interesting to watch the dynamics at play here. Big SP move...
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