incredible shrinking oil company, page-4

All this rot about "the chart says", "the stars say". Everyones chart seems to say something different, as do stars on different days.

Cheap, but considering managements bumbling delivery on so many fronts perhaps not yet a deep enough discount to the percieved worth of the assets.

However there must be a few companies running the ruler over the assets at the current price. Trouble for them is the sp will resurrect quickly on any offer, needs more time in the sin bin to succeed with a low ball takeover. Or perhaps a scrip offer and we'd all say, "great, we keep the upside on the assets, and get a more credible a mgmt team". Don't however see many oilers on the ASX that would issue scrip on there sp today!

Anyone for Dr Doran as CEO?

This has been my most expensive investment lesson, and I am not yet precisely sure what the lesson was. A little to do with risk, a lot to do with management credibility and delivery, a little to do with lack of management "skin in the game"?

Entropylord