Thanks agentm. Charts are looking pretty darn bullish imho.
I guess the company strategy following the sale land will determine whether I stay onboard or not.
They are going to have a fair warchest for acquisitions once the EFS sale is completed.
The only thing the concerns me is we will be buying ( probably ) unproved acreages again and I have seen too many oilers do their dough and go down the gurgler in a never ending stream of optimistic presentations followed by poor drilling results.
On the other hand EFS acreage values are better than a valium when it comes to getting a good nights sleep with TXN under the pillow :)Once the asset is monetised I might have a few more restless nights!
TXN Price at posting:
57.0¢ Sentiment: ST Buy Disclosure: Held