RE: RE: analysts and spOh,indeed,I think all of us long holders share the pain! I've said so many times,there seems to be a real manipulation and/or disconnect between the sp and what we have here in operations and reserves. I mean,we know there was a bought deal for financing at $8.50. What are these buyers thinking now with all this crapshoot?It just doesn't make sense to me unless we accept the premise that irrationality over rules reason and fundamentals in volatile markets. Common sense tells me that we need more oil,not less and large pools are increasingly more difficult to find,i.e.,more costly to produce-ergo,oil demand goes up with costs to boot.BUT,Bankers goes down!Huh!! What part of this equation am I missing?
p.s. Cicerone, I missed that were to get a financial accounting in mid August, you sure?? Man,with Brent sticking around $115 or so,that HAS to help the sp or will it be a sell on news story again.