Well a bad day for CTP holders and the devil's advocate in me questions that announcement a few weeks back about likely oil flows. In my unexperienced opinion, JH was out of line to push that announcement to the market. In suggesting that oil flows are likely, alot of you on HC discussed the idea of "well JH wouldn't want to look like a fool and say flows are likely, if they don't end up flowing at all." So my question is, why did he make this announcement? Was it simply to arteficially pump the share price for a SPP, when he knew full well that he couldn't conclude on oil flows for a good two weeks?
I think it's a big mark of carelessness on JH's part to have made that announcement a few weeks back. He now looks like a fool, it proves that he was just pumping the SP for a SPP, and he has left a lot of hopeful holders high and dry in dissapointment!
CTP Price at posting:
32.5¢ Sentiment: None Disclosure: Not Held
