I did my homework on VIL and bought in pre-spud and sold out at a touch under 4c. Last two days that sp has gotten ahead of itself. Smart money has probably moved out now. The volume was there for any large holders to take extensive profit. Only confirmed flow rates and a resource statement can send it further from here. From a pre-spud perspective, SSN looks a better prospect. Already a producer, two highly prospective drilling programs (one underway and Ripsaw about to begin which has a high multibagger appeal to it). The debt is not an issue. Oppies already in the money can cover.
From the traders perspective, penny stock price range with good liquidity when it moves, and I understand it has broker support with a very low market cap for a company that has such large holdings in the Bakken.
I re-enetered for a million on Friday and may take another million tomorrow if the 1.6c is on offer again.
SSN is a stock made in heaven really.
SSN Price at posting:
1.6¢ Sentiment: ST Buy Disclosure: Held
