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Petro One Energy Corp CUDBF

Energy Oil & Gas E&P


GREY:CUDBF - Post by User

Petro One Energy Corp
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Comment by rodanion Sep 21, 2011 2:10pm
183 Views
Post# 19067330

RE: True Grit.

RE: True Grit.You said " News is great for us retail people but I don't believe it moves a stock." You cannot be serious surely?
This share went ballistic solely as a result of the news that they had struck a significant find. On your reasoning all the banks, financial houses etc had been totally prepared for this and were not piling in after the news broke....
News, good or bad, is the single most factor that drives the sp of exploration companies - perceived delay in releasing news will cause the impatient  and nervous nellies to head for the exits.
Such is the case and always has been.
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