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Gold/Mining/Energy : first star energy FST on the ASE -- Ignore unavailable to you. Want to Upgrade?


To: Teresa Howie who wrote (60)4/22/1998 11:17:00 AM
From: grayhairs  Read Replies (1) | Respond to of 754
 
Hi Teresa,

How should a stock trade for a company like TKE that in the span of 30 days or less:

- announces that it has increased its net daily oil production by ~40%,

- announces that a well in which it holds a 30% interest in has potential hydrocarbons in about 4 or 5 different zones, and

- is about to run casing to T.D. on a ~4,300m deep test in the foothills.

Are you suggesting that the stock should not trade at all until all drilling is concluded, all announcements have been made, and someone fires a starters pistol?

Later
grayhairs