frustrating stock..., page-11

I've got to think that there is more than market sentiment at play here. The rapid depletion rates on NSA may be a contributing factor. Sure I realise that heavy oil deposits have a fairly swift depletion profile but lets be honest, SAE haven't made that abundantly clear in their presentations. They talked a lot about becoming a 1000 BOPD company and I expect many punters are suprised to see them becoming a 500 BOPD company the next month. Admittedly the 500 BOPD was apparently a glich.

I suspect there will be a few that had built up their valuation models assuming a much more consistent production profile and they are having to revisit them. Also - I'm sure the AED debacle is fresh in the mind of many punters and would make many nervous of a repeat performance - regardless of the lack of anything in common between the two comapnies.

I'm holding and sharing in the pain too :-( Just not game to buy any more right now, even at these reduced prices. Guess I'll leave the buying up to SAE themselves right now. At least there is a postive in that these buyback prices work in our interest.