Shares in Pantheon Resources climb 5 percent on investor hopes that two wells which the U.S. focused oil and gas explorer started drilling recently will be successful, traders say. "People are now buying the stock at these low levels after the sharp drop a couple of weeks ago," a trader says.
Pantheon closed one well before Christmas after no gas and oil was found -- news that sent the shares down more than 30 percent. "People now hope that the two new wells will be more successful," the trader adds.
BTW...Happy and prosperous investing and trading in the New Year all.
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