No michael i have repeatedly said it has huge upside if it all comes off.
Heres a few examples why you need to be cautios about just listening to one person and have balanced discussion.
Your no1 poster states this about AZZ when they where doing thier first EFS wells
Quote in no way it conclusive that the rock azz are in is going to behave the same as the rock petrohawk are in.. End Quote
Yet he has constantly held up TXN due to its neighbours well results
AND Quote sure petrohawk are pumping it up, but they have something to pump up.. they have wells with production.. some with high ip's. and very silent on their failures in the field.. End quote
When he was telling people in AZZ not to count thier chickens
And quote i am concerned that anyone reading the announcements by azz may actually believe there is some amazing production about to happen,, imho you prove it first, test it a little, (like adi) then you blow your trumpet a little if its looking good.. End Quote
Yet apparently everything TXN managment say is gospel
This is why a balanced rather then one sided discussion is necesary, beacuse many posters simply cannot resist the urge to post overtly positive on the ones they hold and negatively one the ones they dont.
I reiterate for you one more time Michael - im NOT saying TXN is doomed or unsuccessful or anything like that. Im saying imo its very expensive for the relatively small amount of evidence we have that it will be successful, relative to where all its peers where priced.
If you look at SEA (which i dont hold) it has soooooo many fantastic results already and its marginally more expensive then TXN with almost 150,000 extremely high quality acres and some flow rates exceeeding 3000doepd in the Bakken Shale.
TXN Price at posting:
68.0¢ Sentiment: None Disclosure: Not Held