hahahaha I was all for MAY but I changed my sentiment once they couldn’t flow the oil even though they apparently knew this before they drilled. What stupidity. They knew apparently it was heavy oil but apparently they didn’t let the market know it won’t flow for that reason hence my change of sentiment.
Secondly AP knew from previous announcement what oil was in unit 3 but did not provide that to the market in first announcement hence he lied and again lied about the fact knowing it was heavy oil without having a pump on site. company has fundamentally changed and highly likely to have heavy oil a deeper depths.
Furthermore it’s 20-30 percent cheaper than light oil and hence affects profitability and demand for heavy oil is less than light oil. It’s like a miner discovering lithium but low grade. Who wants it????? Speak to me
MAY Price at posting:
7.0¢ Sentiment: Sell Disclosure: Not Held
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