Yep, by definition the wells cannot be priced in to the SP until such time as pipes are pulled out of the ground and the share market gets to see what comes out of them. Where's that ignore button...
The speculative play on SSN will begin in a week or so as DTs start jockeying for position. From mid-March (2 weeks), that spec play will skip up each time that we get a Gene or Ripsaw update evidencing forward progress.
From there, its anyone's guess - If Ripsaw is dry and Gene has jack-all in the ground, the SP will tank. If Gene shows strong flows post-frac and we hit gas with Ripsaw, then life gets exciting.
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Yep, by definition the wells cannot be priced in to the SP until...
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