Typical reaction today with the slip in oil overnight. People forget that even oil at 90 they are still raking it in. As I thought though they will react to the price of oil. Looking for value in the market/sector they have still a long way to go to catch the sector average pe of around 23. Which I think would take them to around $2.40. Not expecting that of course, but should be a lot higher. Plenty of news on the way also. By the way correspondence with shareholders has improved greatly since Mr Wells came on board.
Typical reaction today with the slip in oil overnight. People...
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