WPX:TO could be a great addition if it's share price continues to hold in the 1,15$ to 1,30$ range. Otherwise, if price continues to decline or if insider selling continues, i would wait until 0,75 to get into that company in a very agressive way.
At this time, it is not clear of the profitability of their project and until the feasability plan is completed it will be difficult to assess the real value of this one.
For the moment it is more of a speculative but based upon the 43-101 it could be profitable and there could be a lot of volatility between now and the feasibility project that should be released mid 2013.
As usual any interesting event should move WPX from under the radar to a top pick but the conditions needed are the following (as for any other stocks UNDER THE RADAR):
- fluctuation of share price minimal to avoid trying to catch a falling knife
- a sudden price increase at this stage would be considered speculative move and wihout a press release it will not be considered to be moved to TOP PICKS
- Regular press releases concerning updates on land, feasibility advances could trigger a move to TOP PICK
- Price stabilization and lack of volatility could also trigger a move to TOP PICK
- Insiders buying in large quantity would move WPS to TOP PICK after prices is stabilized
- Volume increase (buying pressure) for some weeks could move it to TOP PICK
- Any other VERY positive news could also move WPX to top pick
As usual, never invest more money than you can afford to lose and ALWAYS do your own due diligence before investing in any company.
At this time, it is not clear of the profitability of their project and until the feasability plan is completed it will be difficult to assess the real value of this one.
For the moment it is more of a speculative but based upon the 43-101 it could be profitable and there could be a lot of volatility between now and the feasibility project that should be released mid 2013.
As usual any interesting event should move WPX from under the radar to a top pick but the conditions needed are the following (as for any other stocks UNDER THE RADAR):
- fluctuation of share price minimal to avoid trying to catch a falling knife
- a sudden price increase at this stage would be considered speculative move and wihout a press release it will not be considered to be moved to TOP PICKS
- Regular press releases concerning updates on land, feasibility advances could trigger a move to TOP PICK
- Price stabilization and lack of volatility could also trigger a move to TOP PICK
- Insiders buying in large quantity would move WPS to TOP PICK after prices is stabilized
- Volume increase (buying pressure) for some weeks could move it to TOP PICK
- Any other VERY positive news could also move WPX to top pick
As usual, never invest more money than you can afford to lose and ALWAYS do your own due diligence before investing in any company.
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