Hi Thought. Nice spike for HUSA today. Hope it holds . I couldn't find any news, but my guess is that news is imminent. Something positive must be going on, no doubt. At more than 4 million shares traded for a current share price of $.51, we are talking about somewhere between $1 and $2 million worth of money spent on buying HUSA stock today, so far. And we have more than an hour of trading left.
My guess is that it is one of the following:
1. Somebody or some firm has simply finally made a decision that HUSA is worth buying at this level. We've seen these spikes in volume before with no resulting press release. Could be that someone with fairly deep pockets just decided today is the day to buy, for whatever reason they may have.
2. News is imminent about an oil strike with one of the wells in the pipeline of domestic projects.
3. News is imminent about beginning the drilling in Serrania, Columbia.
4. Confirmation has been received by someone that the SEC probe into HUSA has finally been officially dropped.
Since we have been down this road before, my vote is for number one, but I would be pleasantly surprised to get two, three, or four. If it is good news, then I imagine that Monday morning will be a good time for HUSA to release it. What we might be seeing now are the results of a few folks in the know (with money) trying to get ahead of the news.
Such is my analysis. In any event, this jump today will make for a good week and possibly something to look forward to Monday morning.