Interesting thinking - I think the psychology is quite interesting. Since PCL signed the deal with WDS, the basin has de-risked significantly, but at the same time there is much more knowledge out there about what characteristics create a successful well, vs a non-successful well. So everyday that passes, WDS is either getting more and more bullish (correlating their data on Saturn, with what Venus and most recently Galp have proved up); or on the flipside, they could be getting more wary, if they are still not seeing the desired similarities/characteristics in their data to successful drills. As time passes, it's a bit of a double-edged sword. We'll find out which way it cuts shortly I'd imagine. 'Live by the sword, die by the sword'.
PCL Price at posting:
2.3¢ Sentiment: Buy Disclosure: Held
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