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Re: boomer23 post# 5597

Sunday, 05/22/2011 5:22:11 PM

Sunday, May 22, 2011 5:22:11 PM

Post# of 7618
Boomer, just trying to set the facts straight here. The SP is $2.00 not $4.00. The ask is not $4.00. You can hope all you want. They market knows they can not fund the 2011 25 well program. It is as simple as that. Even with limited float the MM could not hold the SP in the $4.00 range. The SP indicates to me they are having major issues with funding. The majors will move on to drill sites where the partners can fund the AFE's in a timely manner.