06-05-2014, 05:35 AM
People are overestimating what "good" news will bring to this stock. Unless we are bought out (which I believe is the likely scenario) or find oil, this stock is unlikely to reach 75. Every bit of good news for the last 2+ years has resulted in the stock declining. Even with today's good news, we go up 2% and slowly drop.
Yes, we all good have sold; but at the end of the day, this has been a poor investment no matter what spin anyone puts on it
As a holder for over 6 years and a believer in the assets, my patience has worn thin. Management's responsibility is to increase shareholder value. Phil failed. WA should have been fired with the old management team (shill for management or incompetent). Hession delivered Total $s and some new drills, but horrible communications.
Let's hope good news happens soon and drives the stock price and management stops the games played with the stock. If not, until the company is bought out, it will be a long 2 - 3 more years before the PPS moves significantly or even matches what the S&P does.
Yes, we all good have sold; but at the end of the day, this has been a poor investment no matter what spin anyone puts on it
As a holder for over 6 years and a believer in the assets, my patience has worn thin. Management's responsibility is to increase shareholder value. Phil failed. WA should have been fired with the old management team (shill for management or incompetent). Hession delivered Total $s and some new drills, but horrible communications.
Let's hope good news happens soon and drives the stock price and management stops the games played with the stock. If not, until the company is bought out, it will be a long 2 - 3 more years before the PPS moves significantly or even matches what the S&P does.