can't help but love hdr, page-5

re: can't help but love hdr today's s/p Keithallen

Good points and I agree that the sell-down was overdone. But the market is being driven by fear and profit-taking rather than fundamentals at the moment. The March Information Brochure is unlikley to have sparked the selling - although it did confirm that there will be a one month down-time for Stena Tay for repairs and modifications before exploration drilling starts again mid-year. With a minimum of around 1-2 months before this drilling starts I guess some traders took the opportunity to exit. Their thinking may have been - in a down-market why stay exposed if the upside is limited over coming month.

FPOs are always worth accumulating though!!

H