Ann: SM74 D14 Well Progress Report, page-24

I didn't misconstrue your message; I focused on the micro element of your post; which highlighted your lack of understanding of the announcement in the context of the drill. The supposed 'core' was focused on oil price and made some fair points, plus a bit of TA which by naturally ignores fundamental factors. However, the clincher was that it centered around a critical misunderstanding that "Byron's costs are US$15/bbl plus US$30 in transportation....they will not be profitable at $40 oil price". That is an utter fallacy and I'd encourage you to read the quarterly to see how that math doesn't stack up. Whilst BYE would lose value in a poor oil price environment, it would survive profitably for years at minuscule prices due to its low cost operations.

In a nutshell you could've summed your post up by saying that you think the oil price is going to go down and that you don't think BYE is a great investment for that reason. However, your lack of understanding of the company and the recent announcement came across poorly; especially when repeating a non-factual statement relating to production cost.