i think one of the biggest routs on texon was not related to fundamentals at all. we all hope that is never repeated.
the valuations given by rbs seem to be $1.04
Its just ground hog days right now, no further drilling on the olmos at all, the refrac of the hoskin well has not eventuated, which means texon is not prepared to define the olmos field further currently. the strategy of that is dont understand...
there are a bunch of landmen that texon employs that must be doing something useful for the shareholders??? they keep announcing new prospects are being lease checked, but how many years do they want, it doesnt take years to do lease checks? i thought they started that in november- december 2011?
either a whole bunch of news is brewing and about to become public, or... there are a bunch of landmen and 3d pre-processors with options in texon that are playing darts and smoking cigars all day long at the texons houston offices.
which one is it?
TXN Price at posting:
57.0¢ Sentiment: Buy Disclosure: Held