crux field, page-15

Sentiment on this stock does appear to be a little subdued since the crux 2 mess.
There seems to be no shortage of sellers when the price is 'right', probably a little profit-taking from buying on recent lows.
Had been hoping for 1.20 by now but if you do the sums on 62 mil barrels 1.10 would seem logical, based on sp 1.30 at 70mmbl and .90 at 55mmbl, (assuming all other things equal and the crux margin linear). Factor in the dilution from capital raising and spp (how many shareholders are there who can find 5k for a good thing) and we may be trading at par in the 102-105 range. Positive news from Longtom and the shoals will add value to this of course.

This is a purely ameteur market sentiment analysis off the top of my head so no responsibility taken for its accuracy or any perceived relationship to the real thing.