short squeeze coming as VM settles. watch for after hours news to force a major gapper and multi-week runner.
more and more people are starting to read the K filing and see the current debt situation for what it is -- improved.
dockets in both cases (virgin BK and trustee vs. paxton) showing progress, too.
the question on everyone's mind, bull or bear, is "when" will the settlement news hit?
Also
EXXI had been drilling a 16,300 ft TVD well, 20,400 ft MD.
the well planned for the VM-179 asset is around 720 ft imo.
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