never ceased to b amazed.15 Sep 2005 15:11
OILQ. You know, it never ceases to bemuse me the stock market. This company produced losses at almost 50% of its market cap. It has a share in a dry well, which was supposed to hail untold oil wealth. So what does the market do? up the share price by 3/4p. Yet companies like Deal Group and IQE which both deliver up great interim results get their respective shares marked down. Yes, I know, the purists will say that the market expects the worst but punishes those where expectations were high but do not quite deliver, but give me a break, OILQ along with NOP were supposed to be awash with oil as the now not so gushing Sandhills 2 Well was to deliver the black gold. I am utterly disgusted at these events unfolding.