Unfortunately I think it will be a long slow road ahead as neither of those two results are particularly significant. They only have a small percentage of the horizontal well, and even a good frac result will not help short term given the flow rates will still be relatovely modest and the current domestic gas price is low. I still like the gas project, but it just won't excite the market at the moment.
I think the only medium term serious action would be a positive Stokes Bay re-entry or success on NW Alice, but think the Appalachian area will be great over the long term.
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Unfortunately I think it will be a long slow road ahead as...
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$3.77 |
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Mkt cap ! $2.476B |
Open | High | Low | Value | Volume |
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3.780 | 266 | 2 |
3.800 | 22668 | 5 |
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3.820 | 1601 | 1 |
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