*what an absolute bargain*, page-50

re: *what an absolute bargain/not???* Surely there must be warning bells ringing very loudly?

Since August last year HDR has massively underperformed our Energy Index - the XEJ - which has risen around 50%, even taking into account the correction of recent days.

But HDR has actually fallen from $2.50 to $2.00.

HDR's chart is also looking very toppish. A lot different to many oilers.

When you have such a divergence then something may be seriously amiss. It's not something I ever dismiss lightly.