I think the two Scots will mark a new record for value destroing.... (and some WGO holders still applaud... unbelieveable...)
If you want to understand today's market reaction for both, STX and WGO, it might be helpful to read carefully the post from @OldGeo in the NWE thread discussing possible implications for LD-1: Link here
Here the graphic from this post showing the implications of WGO's interpretations.
One has to bear in mind that the guesswork of a GWC at 4,620m is based on the weak evidence that the water flow declined from 50 to 37 bbl/mmcf after placing a plug in the well...
Questions to the WGO fan-boy and fan-girl group:
- is this a significant decline?
- can one be sure that the measured decline is related to the placement of the plug?
- This is such an important conclusion - extremely relevant for the market and the value of both companies. Why not waiting until WE-5 testing to make an evidence-based conclusion??
WGO is driven by idiots... sorry to say...
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Open | High | Low | Value | Volume |
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21 | 766259 | 0.215 |
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16 | 870207 | 0.205 |
Price($) | Vol. | No. |
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