Oil prices may be tanking the last little while, and I can see how 60 bucks is possible, but the price of Brent is way higher than the price of West Texas, by about 6 bucks the last time I looked.

This should not hurt profits too much to warrant a SP drop like this.

I think the sudden drop yesterday was just a fishing exercise to see if any houses or PI's had stop losses in. Not much volume so I would say they didn't catch anything big.

I am waiting for the Sproule report on reserves. It will get back to 3.00, and hopefully more.

Last year when I bought this one, I was hoping for 3.65 as a target, but that should be much higher now based on reserves, and not having any debt right now is a big support at this time.

Itchy trigger fingers may just lose out on another big run, worth loading up on.

XEL is about 90 days from really taking off maybe a small jump to 1.60 before the end of July on the spudding and initial flow rates.

keeping my fingers crossed.