04-12-2013, 12:44 AM
It is a lot simpler than some grand conspiracy. How about it's as simple as there are plenty of IOC retailers and likely smaller institutions that really have no clue or are unable or unwilling to keep up with the large pic? We see this knowledge gap on all MBs and that is easily understandable.
Volatility has the perfect breeding ground as IOC is :
1) operating in an isolated country
2) has SM's working to undermine them
3) in the process of doing what has been impossible to date - a minor pulling an LNG project together
The facts is volatility has no correlation to fundamentals or SD process status.
Likely all has to do with easily spooked shareholders and traders.
Volatility has the perfect breeding ground as IOC is :
1) operating in an isolated country
2) has SM's working to undermine them
3) in the process of doing what has been impossible to date - a minor pulling an LNG project together
The facts is volatility has no correlation to fundamentals or SD process status.
Likely all has to do with easily spooked shareholders and traders.