Hi Londoner,
yep, today's action was surprising (and disappointing) !
Mainly on the basis that 400k+ turned over - almost looks like a distresed seller to me and confident that it will bounce back as soon as markets stabilize.
They have cash and contracts almost equivalent to current s.p. and a 2010 drilling program second to none.
With only 156 million shares if they strike anything, the results will be BIG.
Retain the faith ......
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- Ann: December 2009 Quarterly Report
Ann: December 2009 Quarterly Report , page-14
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