Hi G-Man
An old 3SOF pick in SKPI. Indications are the first drilling program was successful and we should see a notice of production anyday now with some update on reserves in the well. They seem well capitalized. And while both analysts are paid by the company for independent coverage (?), the EPS projections seem reasonable given most numbers are based on $40/bbl. The company seemed to hit its marks on this project and now has a second well planned for Q3.
Yet as oil prices rise and the company closes in on production, the stock price falls. Sitting now at 200 day MA. What gives? A shakeout, or am I missing something?
TIA
SJD
An old 3SOF pick in SKPI. Indications are the first drilling program was successful and we should see a notice of production anyday now with some update on reserves in the well. They seem well capitalized. And while both analysts are paid by the company for independent coverage (?), the EPS projections seem reasonable given most numbers are based on $40/bbl. The company seemed to hit its marks on this project and now has a second well planned for Q3.
Yet as oil prices rise and the company closes in on production, the stock price falls. Sitting now at 200 day MA. What gives? A shakeout, or am I missing something?
TIA
SJD
