Looks to me like we're going to be stuck here for awhile. Two million changed hands today, so there are still plenty of sellers. I've been watching those others: AUT, ADI, EKA, and they all had an excellent month, particularly ADI until it hit a wall yesterday. Of course, none of them was burdened with a capital raising. Now that we've had ours, and very successfully, I expect that upward momentum won't come again until we have a string of announcements. Shouldn't we have a spud date about now?
Someone on another thread posted an excellent interview with the Petrohawk CEO. Given Petrohawk's land position, that interview should be required reading by AZZ holders. It is the kind of upbeat thing we need while waiting.
AZZ Price at posting:
70.0¢ Sentiment: None Disclosure: Held
