update: woodside sells hardman stake for a$118.3m, page-16

re: could fall to $1.50 Which ever way you look at it HDR will be valued eventually by it's EPS and lets face it the oil rush is now over and logic will win the day.

I can tell you that if they have issues with any well's or drills the stock is set for a fall.

It's a case of who will hold and who will sell. WPL sold because they couldnt see anymore potential in the stock otherwise they would have held on. The bank held some and sold the rest. The stock will sit between 1.5-2.0 for a little while though I think you might see a short term gain rather than long term.