$20 tril. not: reality check for linc oil find, page-30

Kaineupton

Firstly Its behavioral finance, over-buying and overselling in the simplest view.
Secondly the news item around 2pm saying it was an overstatement from the company themselves would bring back the prices once it flowed through the market
Thirdly its profit taking
Finally, when O&G analysts and staff did the maths on the probable 2P values, oil price and value of extracting is was clearly overstated. This also took time to filter through the market around profit taking time

I also posted this morning on a "it will hit $3 thread" that it would close at $2.50 despite the nonsayers. Check the price at time of this post. :)