texon efs sale , page-34

Sure was a lot of volume yesterday, looks like a few people ran out of nerve. Each time I think we hit bottom, boom we drop down just a little bit, but until someone really wants in this is what is going to happen. Buyers market, everyone putting bids in is just below the ask so the price keeps dropping as sellers exit. But the main thing isnt what the buyers and sellers are doing shorterm it is how much oil is flowing, TXN hasnt changed in 6 months and really has increased oil flow with the 5th well. THey could secure some debt funding for a few more rigs given they have the asset proved up. If we have to wait a bit so be it. POO hasnt dropped like a rock either so cash flow into the company should be strong. THese guys like to drill and they need the money from the EFS sale to get it so my bet is they make it happen just so they can be funded for what they want to do. It's in thier best interest so maybe it will happen. Was busy yesterday so didnt watch the trading to closely, might have to top up a few on Monday.