pretty quiet around these parts. Hmmm, 29 trades today for a piddly $179K(268K volume)showing on my commsec account. Maybe more offscreen though.
Obviously there was the staggered announcements prior to Xmas which boosted the SP, but has dropped around 5% since, and continues to trade at these levels.
A trading break since, and possibly many people may still on a trading holiday , saw general market (ASX) ending flat on it's first 2011 trading day.
It seems possible the market at large hasn't really grasped the TXN story with both hands, as we are trading sideways at nowhere near where i thought we would be trading since initial flow rates were announced.
What do people think the loss of trading volume is due to? TXN in general, or a lack of trading overall. (I know the market was flat, but some oilers still traded well on no news) There is not a huge amount of planned action to put a rocket under the SP until the next frac in March.
Personally I don't get it. Tyler ranch initial flows were huge. Teal is expected to produce the same based on nearology. Should this pan out, it effectively doubles output.
In anticipation of Tyler flows, the SP dropped. After announce we saw a bounce, but then down again. What more does this company need to do to see the steady increase in price it deserves?
How do people think TXN will trade during Q1?
TXN Price at posting:
67.5¢ Sentiment: Hold Disclosure: Held
