re: MXO activity Great posting everyone, good to see you again Black Gold despite the irritating new site. My opinion:
It takes more than scabby day traders to drive a company looking a bit shaky up to 10.5 cents. I am a very 'there is no smoke without fire person' and I would not be surprised to see them run again today.
My calculations say that at US$25 a barrel, they need approx 4000 barrels a day for cash breakeven on the operations.
