Dont be surprise to wake up one day to find some junior oilers revised downwards in price . This check in the pumped-up prices has got to come , and denial is going to be fatal for one's bank a/c .
Logic is in 2007 midcap producers were punnished with any mistake in any quarterly , whereas reserve only explorer(s) were price driven in the multiples . It should have been the other way round with oil near 90-100$bblo....
NXS is one that is way over-priced, whereas ARQ is priced fairly for example .
dyot