buddy,
If you re read that post I was suggesting that a lot of o and g stocks have been sold off since April...unless they had a good story to flog like BPT with it's shale. I didn't atttempt to make an exhaustive list. Yes ADE went well for the same reason . AOE was delisted before April so not relevant to the point i was making ..BOW did well but before the takeover wasn't it down?..ESG down also prior to the t/o?
I owned BPT from 65 and ADE from 7c, AOE from $2..didn't hold BOW because I didn't think it was worth $400 million plus with no production.
If I am putting out some comments that are not accurate then my apologies, but just about everyone on this thread seems to want to make the point that MPO's management are crap. If you really think this, then perhaps you should consider selling out and finding the next BPT or ADE. What is the point in whinging and talking about setting up websites to vilify the company directors? Why not have a good look at who the new MD is and decide whether that represents a good move? They'll save on travel expenses if not else..But no some here prefer to state it is like rats from a sinking ship...
I'm holding MPO because I feel that Mungi will be sold for more than $62 million and that could see the sp bounce..It seems to me the sp has been coiled back waiting for that to happen. JMO. Soon after any bounce the market may also recognize that MPO have got themselves a good position in the Wolfcamp shales..
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