The risk of sell-on-the-news is ever present.
But that always depend on the level of flows, especially when we are talking about developing a field, not drilling a wildcat.
Good flows on Rex-3 brings the rest of the tenement into play. Then its rinse and repeat, money for jam.
Sure, some people will sell even on good news, but as Should Know Better points out, this might create a buying opportunity.
I have some more cash on standby... just in case.
Ann: Wizard Lake Rex-3 Frac Successfully Completed, page-54
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