TXN 0.00% 58.0¢ texon petroleum ltd

which glass do you hold 1/2 empty or 1/2 full

  1. 463 Posts.
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    Lots of posting going on, lots of speculation and really no new facts, so it seems we now have about half and half. Myself I still think glass is half full, the deal has been delayed so what oil is pumping out of the ground, piggy bank still feels heavy when you pick it up. What would everyone say if they sold it for a song to just get a quick deal done? Be a lot more complaining. What happens if they drill another two wells in eagle ford? Bet the asking price goes up, plus say things get a bit thin, they could off load the new prospects recently drilled cheap and top p the bank account if needed and keep the eagle ford until the right deal comes along. Is it happening fast enough? Probably not so allot of people get impatient and have jumped ship. Myself I topped up again today. Some call txn speculative, but it has a proven resource, oil being sold each month and new prospects which look good. Seems today's trade stopped the slow grind and the buyers had to bring their bids up so maybe we are nearing bottom, who knows but I know how much is in my glass.
 
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