Hi RR.
I don't think that I underestimated the price movements at all. In fact, given the current low prices it would appear that the opposite is in fact the case (except that I know they still have a long ways to run !!).
If you had properly read and understood my previous posts, you would have understood that I had sold my BKP daytrading holding at $14.00 and was looking to buy back in again. Well, I did. I bought back at $13.55. Now, had I not been at the golf course all day today, I probably would have prematurely sold my BKP during today's run. But, I was away all day, and I will be gone all day tomorrow, so now I will hold it until at least Friday. Then, who knows ?? I'm in no hurry to dump it and I may even add some !! I just day(s)trade BKP. It is not my pony in this race !!
As for timing of the well depth, I guess you just do not want to accept \listen to \ believe some pretty basic stuff. This well is at about 17,100 feet. The projected total depth is in the order of 19,500 to 20,000 feet. Per ELK's press release today, they will not even begin drilling below 17,100 feet until month end (What a surprise that is, hey ??). Like I have said before, rig release will be about the end of August. And, if you think there will be a measured flow of any kind before then, well I am sorry but I do think that you are dreaming my friend !!!!
Yawn and ZZZZZZZZzzzzzzzzzzz !!
Later,
grayhairs |
