NSE new standard energy limited

different, page-5

  1. 1,282 Posts.
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    There have been at least two large sellers in the market since the 18th October.
    People sell for many different reasons.
    -don't understand shale
    -don't believe in energy any more
    -need cash for whatever reason...tax problems...wife left for a holiday (took the furniture and the kids!)

    All announcements have repeatedly mentioned that they are not expecting a gusher and no fracking or horizontal drilling will take place. However, the market still seems to view the stock as a conventional oil & gas explorer. i.e. a spike in share price just before before the target area is reached, followed by a retracement when no gusher happens.

 
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