RE: It's like "Groundhog Day"8 Sep 2021 12:01
Look at the market cap, the market is always one step ahead. We’ve had worse updates but we could blame low oil prices for it, this time we can’t blame it on anything other than poor performance, poor management. This last update read better than it actually is. The analysts saw right through it and instantly downgraded us. Jefferies marked us down from 33p to 24p that’s almost 30% lower. IC gave us a good hiding (lied) as well but even after that Enquest we’re happy to ignore it, the market didn’t ignore it though did it.
We’re are we heading under the oo price ?