Yes the sector is looking pretty grim. Investors are focussed on companies that are at late stages of development, or are generating income.
PXS has been a stoundout - although it has come off recent highs, I'm sure that this stock will have a stellar run for 2005 (with a bunch of announcements due soon).
This bear market can't last for much longer - it's only a matter of time before sentiment changes. All we need is for a few companies to run hard and attention will once again return to the sector.
Of course this is all my own personal opinion, so do your own research before taking a position :)
CIR Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
