It hasn't. The report was for texas birch. The market hasn't factor in, and discounting Colorado. You would like to read the 2013 reserve update for all lease to give some idea.
The market will factor in once the production number is available. My guess, the current SP movement is due to Pathfinder O&G pipeline going online. We got pathfinder 24 IP in the past. Also, the expectation of debt funding and IP from Nemo/Kaiser. Once the news out, SP will re-rating.
In investor/insto world, the mid to big insto will come in once they see the production number and growth. Where small-mid insto, they will pre-emptive before production number is in.
Atm, the smart accumulator is patiently guard the price in 2-2.1 cents. This has happened in 1.3-1.6 range, then 1.7-1.9 range. Last 2 days, we got total 40+M volume.
Be greed when people fear, and be fear when people greed. I'm accumulating more atm.
DYOR. GLTA.
It hasn't. The report was for texas birch. The market hasn't...
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