RE: Dropping?14 May 2019 17:18
Agree moveonup - the drop at this time is due to the impatience of desperate sellers and the potential buyers' hope for an even better entry before spud news drops. Based on the low volume you can clearly see that potential buyers are waiting on the sidelines in expectation of a clear cut drilling schedule. Only then will they decide whether to wait for another few weeks or join in. Bottom line is: Yes, PM must communicate a spud date. Until then, we will see low volumes and a sp which - at least substantially - will hardly go in any direction.
Just my opinion.