RE:Reflections on OBE's Sept 9 News ReleaseIf things as you spin them are so wonderful how come the stock is down one day after the announcement? Moreover it is like .83 pre reverse split after 5 years of Loukas as CEO? I will answer it simply for you as you seem to have no cue about investing and see this as some kind of hobby following well drilling figures. The problem clowney is that Loukas has consistently missed all of his projections for years now even before his latest strategy to try to increase production. Investors don't trust Loukas period. Loukas has no credibility in the market with investors. He has burnt many of them with his misinformation, a track record of throw it up against the wall strategies and projections that were way off. The only time this stock moves is with the price of oil which says to investors that Loukas brings nothing to the table.
You can spin all you want with your well numbers and propaganda but in the end real investors only care about shareholder value. In that calculation Loukas is a zero. Don't get me wrong the assets are world class. The problem is Loukas. FIRE LOUKAS !