I assume that you noticed the PP of 60 (actually 80 million) that was announced a couple of days ago. Feeling is that
it will go quickly, but should soften the price up a bit in the short term. I hope to see it around $1.00 again in the
short term. I figure there isn't much going on until completion on the first well, with the second probably on it's
heals in Julyish.
The only wild card in this is the amount of promo they'll be doing in conjunction with the PP. Of course, I'm not sure that the extra $60 or so million is just to tide them over
till the Macquarie LoC can be brought in. With the assumption that the BSCA was encountered in the stepout, I think they are planning a mobilization to rival the Allies
at Normandy.
But, that's just me looking for a ray of sunshine in a dark world.
Speaking of which, with civil war hours away in Iraq, and
a general panic in the region flamed by AQ, I can't believe
that PMs aren't blasting off.
What a mess, the only sign of hope is that we have a crack
Administration that has proved track record of international
cooperation and negotiation.....
Oh well, it's all Clinton's fault.
Actually, the funniest comment I read today is that it
is the Demo's fault, i.e., the port security mess, the impending war in Iraq and the New Orleans mire. Seems that
if we hadn't of run Kerry, Bush wouldn't be in office now.
I didn't have the stomach to point out that with Diebold on
the Bush side the man was invincible.
Best of luck,
Lew |
