RE:Production Jimmy1page wrote: Looks like we're stuck here.
Well, same as before the news. The selling started after the last news on the 11th, but impossible for the hiccup at the well to have been known 3 weeks ago. So it was probably unrelated.
Management is well aware of the possible impact of releasing news on Monday, particularly if its considered negative. By doing so it gives then 7-10 days till next week to comeback to the market with positive news. If they released it on a Friday, as its usually done, it only gives them 5 days. Is this too mcuh reading? maybe but I think we're dealing with management that is conspicuous in their intent and messaging.
We'll have to see where the SP goes if at all, but I think the market sees the same as I noted above. The market is expecting something to drop. GLTA!