Dargie,
Agree with you that there is more stock to shift, but how much? I suspect there will be an abrupt end to it. It will be really hard to catch when it does move imo, not so sure about the "natural holders" selling, not below $1.50 ish anyway.
If it hasn't already occured by then, then a reserves estimate following the gas flow tests would be a nice trigger for rerating.
Meanwhile I"ll keep a lowball order in the queue about 5% below market, as whoever it it that has the stock to shift is not disciplined about it.
Anyone see a better bargain in energy atm? [No high risk non-producers please].
EL
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