Well the world has not ended yet either by hurricanes or NK and SEA still acts like the AU herd thinks it going BK. Announces 10500 boepd and the stock drops. Sure there might be a week or 2 delay in pumping or shipping oil, but that is like in the patch.
One of these day oil will turn because worldwide CAPEX is not keeping up with demand and everyone will get caught off guard. The longer the wait the tighter the spring gets.
I just hope that Eric does not get bored and sells the company for peanuts.
Personally, the best thing to do is get this stock out of AU. Nothing personal but we do no business in AU and actually has little use to the company since production is totally in the US.
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