RE:oil or no oilThe thing is Kawa may well be a duster and the stock may well never get back to its heights.
But your rationale for it here doesn't make much sense. There is no pivot, the port work was announced a long time ago, well before Kawa drill happened. Wei was barely talked about during the call, but to the extent the 2nd well was mentioned, it was weeks ago when they were well above target depth
They also are not yet at their first target, so how could that be a cause for sell off?
we have a lot of prophets in either direction. We'll see who ends up right