The fall in price in the last week was due to a couple of new geothermal floats coming on stream, one in particular where the applications close today. What I was told by a broker was there was selling at the start of the week to raise cash for a float with the money due today. This is now over and as you can see the price is moving back up again.
So, whats next. Frac stimulation early next year. It has taken ages to get it done because of the capacity constraints on equipment/crews/people generally.
Looking forward to 08.
cheers
omg
The fall in price in the last week was due to a couple of new...
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