Peter Imhof, "May have to raise some more money to drill out the rest of their properties, which could create some weakness".
I think it depends on how additional capital is raised. The SP is expereiencing a weakness now because it is not actively drilling more wells and the market is discounting the possibility of issuing some shares IMO. However I think the company is planning to accelerate drilling through the debt route and is awaiting an updated reserve report to increase the bank credit. I think when this uncertainty is removed and accelerated capex program is announced, the SP should resume its upward trend.