You have to buy now what is the down side? It's down 40% after hours on not that much volume one pr is goes the other way. Stop it at 1.2 what is there to lose??
IMO we will see some rebound tomorrow but $2 will take some doing with the announced well results. "Trades like a pinkie" isn't a bad analogy given the botched first well and undisclosed "transformational" event. Maybe we'll get some clarification of future plans from the SHM. Unfortunately, I can't help thinking that this appears (to retais) more like a "friends and family" enrichment operation than an investor oriented going concern at this point. IMO drilling additional wells on this concession will require an additional JV partner or larger share for Dana. Given the performance on the first well I'd be more than happy to see a more substantial partner (>50% WI) become the operator for future wells.
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