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Message: Flow

Right now I see XEL going to test the 3.00 mark just on a psychological basis and trading patterns.

Fundementally, if Bentley flows 2,400 boe/day this will go to 10-13.00 in short order and likely be a takeout candidate. If she flows 1,000 boe/day it is still viable and, IMO she will meander between 3-5.00

Ultimately I think the risk around these levels are relatively low as we wait for the flow test to come in.

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