Can't be far off now...The stock has held well in the recent...

Can't be far off now...

The stock has held well in the recent news void and delay to the start of drilling.

With the low-volumes and apparent lack of interest in selling large lines at current levels, good news should see a sellers market develop.

Same goes in the oposite direction if the news is bad mind you.

If you are not in if/when they release news...there will be no way to get in or out pushing the stock a significant distance in the direction of your interest.

Three approaches...

1. Buy in before drilling and enjoy the cheap entry;
2. Buy in after drilling commences but before results - a bet each way and;
3. Buy in after results and be prepared to pay a premium.

Here hoping SPX will be a star performer this year.

Cheers!