I keep see why it would not drop right back down to $31.50. Still can't see why it run up on such an inconsequential bit news
Could bode well for Triangles extensive Montana acres. This area has always pointed to the 3 forks and Red River formations and not the Bakken
I got some in the 30 cent range but unfortunately the bulk came after Brigham sold out. Sitting on an average of just over $3 per share.
He may be but Ole Lynn has made me HUGE pile of money. A stack that is growing again today
Navy, you may be right on this quarter but it might surprise. They had a lot of wells come on line right at the end of the first quarter where completions were delayed. For the most part drilling went on as planned thru the winter just could not frack easily. Going to be a lot of wells completed in the second quarter just can't be sure how much of that production makes it to the bottom line. No doubt the third qtr will boom
They actually look like a reasonable buy however the analyst don't seem to like them much
Strategic Oil & Gas : NBF cuts to underperform from sector perform rating
* Strategic Oil & Gas : National Bank Financial cuts target to C$0.40 from C$0.55
ZAZA is one of my plays. Highly speculative and very dependent on what EOG is finding with their wells. Goods news and ZAZA rockets, bad news and they are in serious trouble. Second JV with Sabine appears solid but not a lot of acres there. Appear to be some very good wells right on the border of the Walker county leases/JV with EOG but that is currently rumor not fact.
In any case we should find out in the next month or two. EOG is holding all information tight but ZAZA will be able to show total production numbers at quarters end and that should tell the story.