I am definitely not a trader so this is unequivocally bad advice.
However, what strikes me as strange is that the price has trecked down at all. Even if Cua Lo is a duster, I still struggle to understand why it would fall significantly. I say this because if I was a trader, NEN presents a unique opportunity in that a second well targeting a greater economical resource is about a month away. So even if Cua Lo proves to be unsuccessful I've got another shot at recovering paper losses or even making a substantial profit. If you were to put in a stop loss you may be doing yourself a disservice.
All in all, Cua lo is just one target in B105 so the block isnt written off. Additionally, KC commented in his last interview that this well has a very high chance of success. Thats saying something for a man of his experience to communicate that in the public arena.
In summary, I believe the price will stay about $0.30
NEN Price at posting:
32.5¢ Sentiment: Buy Disclosure: Held
