Well CG, I agree that holding at or above 1.33 for a few days will help establish a strong base, and that is what I was hoping for this week. Pleasantly surprised with the increase of 2 cents to close the week and to recover the 10 cent pullback that occured last week, overall not too bad given that there was no important news (although I was a bit distracted this week because of all the GNH activity).
The lowest volume for CGX Energy in the past 6 weeks, at only 216,000 shares, seems to indicate that not many investors are going to let their stock go at this price. And that would seem to make sense given 2 wells being spudded shortly, and some of us have been waiting for this development for years. The many who want a piece of CGX are going to have to up their price if they want a piece of the action, to our benefit. I think it will very interesting as news is released on the drilling progress on 2 wells as they progress, although the word is that Jaguar is locked down with little or no news releases of anykind, unless Repsol/Tullow allow it. Time will tell.
Slow and steady wins the day.