Poo is up over the last few days, if the longer trend is higher poo it wil help revalue txn, the fall season is starting in the us so heating oil use will increase, poo probable came down a bit as summer driving slowed down, now heating oil use should keep demand a bit higher. You can limit ow much you drive but hard to not keep the heat on in winter. Lets hope for a long cold one.
Another spin on delay of transaction is why would txn try and sell with a depressed poo playing out recently. Surely higher poo means buyers more confident of extending their production capabilities.
I think we have only read chapter 1 of this story and unfortunately for short term holders it may be long road to the end, if they have funding for more drilling. I expect they will delay the transaction and tell buyers we will show what we have with a few more drills to make you a believer in the price we are asking.
If you have the cash why not prove it up more? Seems before everyone got side tracked with the selling of the efs most people on this thread were only worried about drill schedules and flow rates. We used to be happy because the bit always found oil.
My how perceptions can change over 6 months. I doubt there are many holders sitting in the green right now, so I guess we are all in the same boat so to speak. Just depends on your own timeline expectations.
TXN Price at posting:
35.0¢ Sentiment: LT Buy Disclosure: Held
