(05-20-2014, 05:24 AM)Getitrt2 Wrote: trans, I think you're right on all counts. I'm pretty sure the market does not know something negative about the drilling the rest of us don't and reflecting it in the price, although there may be some effect from the uninformed fears of some about such a possibility, arising from the delays, referenced global probabilities of 1 in 10, etc. I agree it's probably making a bottom here, too.
I agree Getit. Too much is being made about the "pps reflecting the results of drilling." No one knows, and future prospects are not built into this current level IMO. Analysts state that at least.
Good luck longs