sentiment, page-14

The market is telling us that it doubts whether we'll be able to produce oil at a decent profit. Investors like Everest2011 are spooked and cant see past 31.01.2013. The chart is what looks unconvincing; not the board, its long term plan, and its ability to cut win-win deals. The business looks awesome value with Gulf furiously drilling the Texan landscape, Maverick punching holes on the outer bands and flanks, reserves upgrades to come this year, Peter Strachen getting itchy at anything lower than 70c. The production results will frighten the market back up into the 70s and 80s in the short term and that's good for traders.

30c is a dream for the non believer. But at 30c they wouldn't have the guts to buy. It's only scare tactics from that mob. But the fundamentals will catch these poor soles napping. There are always undervalued stocks like Maverick in the market.