Ann: Southern Cooper Basin Gas Project Operations Update, page-47

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  1. 982 Posts.
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    Hi Rexsh
    Sure hope your right about a' bounce'...it looks under great pressure to me...in looking at those times you pointed out in your chart, the last few years where it has bounced a few things were happening at that time...(this might have has some influence or it may not have...)

    -June/July 2013: Wolters well (in the EagleFord project reached total depth) there was great anticipation at the time that we would have a significant well that could produce up to 1000BPD...(still leaves a bad taste now when you see how much its producing on the quarterlies...)

    -May 14/June 14: D Baker and D Wrench were buying shares (a great vote of confidence in the Southern Coopers Project but did this lift the share price 'artificially' at that time???)

    -Nov 14: J Rowe, D Wrench, D Baker, B Ostwald were buying shares at this time...is this the reason for the bounce...

    I'm not a huge technical trader (with Oil & Gas companies) I tend to think they move on announcements more than technical reasons...but this is just my opinion, and I respect your research through charting...we both want to see it move up from where it is but if no significant news on the increasing of flow rates quite soon (or the agreement from Orica to fund) I see this moving down to the low 9cs very soon...my honest opinion.
 
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