On volume of over 2m ADRs traded - In 4 days US has gone from $1.10 to $1.48 (35% increase) on no news on increasing volume in the slowest trading period of the year.
Maybe finally getting rerated to a fairer valuation based on current assets and prospects. Maybe some reasons are:
Cashflow from producing assets + royalty potential
Cash to develop land holdings
Hot Shale Play Holdings including 2 wells to add with frac in a relative short time frame (once organised) - shale plays getting lots of exposure lately
Investors moving funds to undervalued shale plays - stagnate share price over last 3 to 4 months with a undiluted mkt cap of around or less than $100m
Increasing Oil Price
News Leak?
Technical breakout
Decectives on HC forcing answers from management
Now to continue the momenteum we need management to deliver some positive news and we can really move forward and unlock the potential of SSN.
up 16 cents-12.12%, page-3
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