RE: Reserves - Always good to remember that oil and gas reserves...

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nihilism

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31/05/16

07:51

Post #: 17907402
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Originally posted by cmonaussie ↑

Troy old boy,
Is the corollary to " Seriously, would you hold a stock and talk it down"
then be .... Seriously, you hold a stock to talk it up.
Would that be correct?

You really think that Pathfinder is "spread over the DJ Basin" and that the handful of acres that is Pathfinder located in outlying acreage on the fringe of the DJ Basin has any of the economic let alone geological potential associated with the DF Basin Core and Tier acreage locations. It is in Fremont County. It hasn't moved.

You've identified yourself as a "Chartist" with a particular focus on "Volume". Sounds a bit like a game of "Pass the Parcel". All fun until the music stops and the "gift" is unwrapped.

What "Momentum Investors" need are new patsies to pass the parcel to and the music to play long enough for them to cash in/out to make their game attractive (FOMO is a powerful motivator).

Undoubtably there will be trading opportunities to make/lose money. There exists other items of discussion surrounding the company fundamentals which require non chartist expertise.

@Brant7424
Which set of Gustavson Reserves numbers do you believe in? Nov 2015 or something else? You do know those Nov 2015 numbers I responded with are also in their HY Report on pg 12. That's a "regulatory document" so we'll call that one the source of truth.

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RE: Reserves - Always good to remember that oil and gas reserves will fluctuate with oil price into the given categories as P1 (proven) resources are considered an economic evaluation, not just an in-situ oil. This analysis does not take into account overheads etc.

AKK Price at posting: 0.9¢ Sentiment: None Disclosure: Not Held
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RE: Reserves - Always good to remember that oil and gas reserves...

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