07-21-2015, 08:08 AM
I've heard from one of the big sell side firms that have picked up coverage in the last year is that some institutional investors are starting to do the work. This is still very much a "story" stock and with a weak energy tape not many new bigs will dip thier toes in here. They would rather be a bit late than too early. I think delaying or extending certification only continues the story. We need a certification #, a bid for the company, or something more subsstantial on the E&P side that's quicker to moentize if you know what I mean. Other than that the stock will languish due to lack of buyers. Call it a long squeeze, no believers with enough dry powder to move it higher an keep it there.