Hyperdynamics Corp (HDYNQ)

[TOB]

HDY still running sideways in what looks like a basing pattern.

Still awaiting confirmation either way, but last time a similar tight range sideways on low volume preceded the rally to $1.30

The market is definitely not valuing HDY correctly considering they have transformed from amateur operator to having Tullow as operator. Not only highly competent and with an industry leading success rate, but the operator of the analogous geology at the world class Jubilee Field.