Cujo, they need a few bigger targets rather than just fussing around in GOM with small target drills. Results of these wells don't do much for the sp as not very profitable. As for the couple of brokers recomendations,history will show that brokers reco's can't always be relied upon,they are wrong more often than not. As for your prediction of $3 by end of this year,I don't think so as would have to have a mighty leap in profitability and they need more than a few small wells in GOM. However I still hold as I don't think the sp will get much lower.
PSA Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held