AI
Saturday, December 15, 2007 9:11:16 AM
ACN
A two year chart gives a better technical perspective of this play imo.
Whether or not the market will agree with management's assessment of things remains to be seen:
The continued operational success being experienced by the company validates management's commitment to core area focus and consolidation. The benefits of a large land accumulation strategy, accompanied by substantial preinvestment in what is now a significant infrastructure network, will provide the company with a solid base for future profitable growth. Management expects that despite the negative factors currently facing the junior oil industry, this long-term strategy and the results it will produce will eventually be recognized in the market.
Disclosure:
I am in and need a double to get out of jail. I fell in love with those multi hundred barrel/day light crude wells at Sylvan Lake.
There is a whole slough of jr. oil & gas companies with similar charts. Whether they bounce in Jan/Feb. or not is the question eh?
A two year chart gives a better technical perspective of this play imo.
Whether or not the market will agree with management's assessment of things remains to be seen:
The continued operational success being experienced by the company validates management's commitment to core area focus and consolidation. The benefits of a large land accumulation strategy, accompanied by substantial preinvestment in what is now a significant infrastructure network, will provide the company with a solid base for future profitable growth. Management expects that despite the negative factors currently facing the junior oil industry, this long-term strategy and the results it will produce will eventually be recognized in the market.
Disclosure:
I am in and need a double to get out of jail. I fell in love with those multi hundred barrel/day light crude wells at Sylvan Lake.
There is a whole slough of jr. oil & gas companies with similar charts. Whether they bounce in Jan/Feb. or not is the question eh?
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