TXN 0.00% 58.0¢ texon petroleum ltd

Thanks agentm. Charts are looking pretty darn bullish imho.I...

  1. 935 Posts.
    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!
 
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