First time poster, long time reader of CTP. Have held small parcel (oppies) now a bigger one (fp) Firstly I have to say that it amazes me how bad sentiment can overwhelm good news. In the last 12 months I have read time and time again how poorly run this company is. Talk of dusters, non-commercial wells bad management, cash raise demons. Wake up and smell the oil people. What would you have paid for these results 6 months ago? I wish I could get some in SPP, not for the .3-4c discount, but to help the company. If this is workable and a sign of what everyone is seeking then start thinking 5.5c dividends, not SP. If this SPP is not oversubscribed than ask yourselves what are you really seeking here. Put things into perspective. Imagine the well was a duster. It could easily have happened. This company has taken a significant leap forward and it will be interesting to see when investors finally realize that.
CTP Price at posting:
28.5¢ Sentiment: LT Buy Disclosure: Held
