re: acturtle/ascending triangle breakout pattern
Hi pillman,
Gas flow calculations value each successful well in the Appalachians at .5 cents per share. I would also respectly submit that confidence in the drilling program and a future drilling program may make each successful well worth 1 cent per share.
On the basis that 100 wells are drilled successfully in the next year or so, your estimate of a share price on this alone would be reasonable.
NWE looks better and better.
NWE Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held