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So Origin is working in the best interest of their shareholders and Falcon doesn't have a shareholder advocate ? Would be nice to have knowledge that the rig is there , being assembled , spudding planned and when drilling will commence , not just rumors and hearsay . I knew a private detective that was hired by large shareholders who was sent to gather info , buy drinks and converse with workers to be the first to know here in Wyoming as to what was going on. Can't find one article that confirms what we HOPE is going on. Lots of updates LOL
Don’t be surprised if the first real news we hear is that Origin has made an offer for our 30%. The more I think about this the more it makes sense.
- who controls Informaton flow - Origin
- low share price - benefits Origin
- stock price pinned - benefits Origin
- no news keeps volume low - benefits Origin
- unusually quiet - benefits Origin
Time will tell. November could be interesting.
Stebol - my theory is that Origin could be motivated to keep a lid on this and could be first mover if drill platform feedback indicates liquids are present. Makes perfect sense for one company to control the entire play so that they can decide how to maximize value. Makes perfect sense to keep a lid on it if they plan to buyout FOG. In this scenario the market may not even see the results before an offer is presented. Origin could propose a cash & stock offer that would allow people to stay in the play or exit. Interesting times. Wouldn’t want to be the guy on the sidelines waiting for .20 in January!
OC99 - sort of, maybe kind of agree. But I think the key is volume. A positive Kyalla result and the exposure that would bring then I don't think there would be any holding this back.
It's been a bloody long journey so far and there's a way to go yet but at least things are finally happening.
I remain an optimist although my patience has been somewhat tested. I don't believe any low ball offer will be entertained or accepted - too many big players out there will want a piece of this. It all depends on drilling results though - a mere whiff of Kyalla liquids and we are very much in the driving seat. Best of luck
Adding credibility to my theory will be how the stock reacts when drilling commences. If it runs, I’m likely wrong...if it stays pinned...the cats outta the bag!
I have never seen a stick act like this. I have held long since 2005 and have seen this stock act abnormally since that time. I think an investigation is warranted after all is said and done...
I think they want to get paid now.
Villa
I thought about the bankruptcy as well. While some of the selling could be related, if the holder knows what they are holding, why sell now knowing it could be worth significantly more in a few months? It seems to be perfectly held in a range below resistance. My 2 cents.
Maybe some of these sales might be coming through the petrohunter bankruptcy. I saw a whole bunch of expenses getting approved. They might be keeping the price low for this purpose. Again, just guessing here
The only reason that would support continued selling with the stage we’re at is that the stock is purposely being pinned. It takes very little money to keep pressure on a thinly traded stock. Holding it in a technical range keeps it off traders radars and volume stays low. Why would someone want to do this? So that if positive drilling results come in and a buyout offer is made at a 5X multiple to current valuation, it looks reasonable and more likely to be accepted by the long suffering, long term holders. There is absolutely nothing to support this trading lower than we were when the moratorium was in place.
We are likely to stay in this tight range until unofficial feedback is received from the drilling platform. If liquids are confirmed, we will have an offer before the play is fully valued and there are many 10 year + holders who will say fk it. I’m outta here. Offer will be @ $1.00 USD. Mark this post.