Why is the stock worth less than 2.5 weeks ago before we started drilling? All the talk of "de-risking" and predictions of 4.5 - 5.2c have gone away, replaced by "everything is priced in, how could you be so stupid to think the sp would go up after positive updates". What makes you think the price will go up when/if they get to the oil? Surely that's now priced in as well?
I dunno, maybe I'm too young and naive to think that when you invest in an oil drilling company and they actually start drilling for oil that is a good thing and should be reflected in the sp? What about any of the recent ann's makes the company worth 30% less than 2.5 weeks ago?
Ann: Jewell Well Operations Report, page-101
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