Is your reason for the HOLD sentiment purely technical grudgy or is there something fundamental that's changed your mind?
All this should need is a bit of time IMO. We could have a spud date in as little as 6 weeks.
With oil and gas stocks, IMO they need to have an "X" factor about them. For TNP it's the fact that there's gas exploding out when people drill the ground but also the fact that this is not exploration - they already know there's gas down there and thick coal seams.
It's just a matter of retrieving it.
TNP Price at posting:
1.9¢ Sentiment: LT Buy Disclosure: Held