Nickel ?!, there is no base for even thinking of that.
Today's sell off was overreaction, and some triggered stop loss orders.
Facts are that they are making money, their production is moving along, CPO-1 block was high hope, beacuse of rich oil area, and potential take over if they strike home run.
If one adds their current production target for this year, they are alerady there, and they are trading 2x to cash flow(last year production), I beleive that someone mention earlly that 3x is normal for junior oil company, there is nowhere to go but up from here.
Chart trend hasn't been broken, still trading above 50 day average, fundamentals the same, drilling La Casona-1 should start very soon.