Insatiable acquisition appetite always a bad thing
Oilexco management let the fast rising s/p got into its head and continued on a shooping spree to satisfy its insatiable North Sea acquisiton appetite. Then one day woke up to face a world wide credit crunch and Royal Bank of Scotland pulled the plug. Some notable TV talking head who should remained nameless got foreever stained by his relenless pumping of OIL and never quite recovered from it. I too lost a bundle and have learned from it (I think :).