I am not so confident on this one,I have got to admit I got burnt expecting them to get a sale at $1.00.Now the market values the company at 37 cents its not a good thought what it will value txn 1 and 2 separately(if it happens).
At current levels and volume I cant see any blue sky, one only hope the management have a plan other than to ensure they have jobs with the new entity.
There is too much uncertainty to sink anymore money into this at the moment.We have experts here like agent who have a great understanding of the Texas plays and can see the value but until the rest of the market notices the sp will go no where.
TXN Price at posting:
37.5¢ Sentiment: Hold Disclosure: Held
