GREY:TBTEF - Post by User
Post by
bshort92on Aug 08, 2008 4:21pm
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Post# 15370263
Record Revenues mean nothing
Record Revenues mean nothingJust ask investors in recent high flyer ONR. They got bludgeoned by the market today after reporting record revenues and earnings for Q2 last night. Energy is toxic. So expect when TBE reports earnings soon that the shares will get hammered. Its just the way the market is behaving. Its obvious now that TBE will ratchet down the revised Capex and end of year prodcution numbers now that energy prices are in free fall. The bottom is not here yet so why bother with the whole sector. TBE will come back to a better share price range but it will test close to the mid twos before it sees the mid fours.