We are looking almost exactly on schedule as outlined in my 2 below posts: we are in the pause that refreshes phase of our bull run toward $10 by year end 2014. If you're considering adding to your long positions between now and year end, now would be a good time :)
$6.50 officially in today... would like to see some sideways/down "digestive action" with reduced volume as we go toward 6.25 over these next few weeks. This should be the last chance we get to "buy the dip" before $8.
That was quick :) It would be healthy for us to carve out a respectable handle in the 6.75 down to the 6.25 range over in the upcoming weeks. If we paint that beautiful cup with handle picture, next stop is over $8.00!!!
I would not expect any positive surprises in the 3Q report. Remember that they sold off 12,000 bbd to pay for Lindbergh, so if anything expect lower output and future rev projections until Lindy phase I hits the market. Slow and steady is way better than yo-yo.