so far its showing 3 distinct rises,each followed by a short term consolidation and the 200 day ema is levelling out and hopefully about to turn upwards, on the next rise it would be nice to go above the 200 day ema.
a quarterly in the next 2 days should also come with a quarterly activity report, if the revenue has increased again in the 30-50% range this can only be good, and we should get an idea on tie in schedules for all EOK sites and West Tulsas new wells, could even get resumption of drilling schedule and perhaps an idea on a timeframe for a reserve upgrade. ( or is this to optimistic )
while we are in this upward trend, good news should/could put us in the 70s.
cutsnake, the only US investors i am worried about are large companies looking to increase their acreage, 140k acres including West Tulsa and Osage is hopefully looking tempting.
RFE Price at posting:
64.5¢ Sentiment: LT Buy Disclosure: Held
