It will probably take a shooting war to get to 2.90. The 50 day is at 2.98. I put in Order at 3.01 and do not expect to get stock. Company is confident that no issues with Ecuador will arise. Their military is insignificant. Chavez is more of a problem and is 1000KM away from Chaza block.
My question to you is this: WHY WILL THIS STOCK BE DUMPED SOON! Some profit taking on the recent runup? Basically, much of that has taken place (from $3.95 to $3.50 yesterday) Earnings are due out any day now and shouldn't be too shabby although there could be one time charges for the pipeline their laying in Costayaco. Lots of luck! My opinion only!
For those who bought shares @1 will dump soon. The oil price in the market will be lower and the earning will be not a big suprise to boost it up above $5. This good stock needs time to growth in months or years. 2.50-2.90 is a good windows to be in again and out below $5 Good luck
You are out of luck pal. The train has left the station without you. If you really want to know where this stock is going, look at BZP. Same type of company drilling in the same area. Get in now, its not to late.