You’re painting a negative picture to suit your agenda. It’s amazing how your view has changed in less than 24 hours, or should I say, since you sold out.....
Make your mind up. It was falling for the foreseeable earlier, now it’s oscillating..... I’m happy with the price around here as it gives OPEC more reason to delay production increases again.
YE, you were spouting on about equity raises a few months ago. Thats hasn't happened and the BoD have confirmed they have no intention to do so. What would you perceive as a fair value currently ?
There is plenty of growth potential elsewhere. Not sure why you think the acreage is more risked - they just got unlucky where they planted the ‘X’. We can see by the reaction of the markets that it wasn’t a big deal.