(12-12-2014, 05:11 AM)admin Wrote: Although I really don't like to do it, but if someone forced me to rationalize a one-day stock price reaction it would be that IOC is a long-term play: - LNG plant is years away - Whilst appraisal wells and recertification (on which Total payments rely) are closer, there is still time. Stock prices can move in seconds.. So there is not a lot of hurry getting onboard today in what is a rather weak sector (energy), UNLESS, they make a spectacular discovery. They made a discovery, two in fact, with a third still pending, but at this time they're not sufficiently spectacular to get enough new people in and this has led to some relief by the shorts.
Another cop out. This was not sold as a 10 year investment in 2009, 2010, 2011, 2012, 2013 or even 2014. We were told that a payday is just around the corner. We were told that countless times. i was personally told in a phone call in january by the company that we have many catalysts moving forward in 2014. You are changing the game just as JFT to rationalize a dismal performance annually by this company. WHat does it take for some of you to be crtitical for crying out loud? ANother 40% haircut? Would that wake you up?