I have to say that these two stocks both NEO & OPL have to be...

  1. 2,194 Posts.
    I have to say that these two stocks both NEO & OPL have to be the 2 most frustrating stocks I've ever owned.

    I still am a firm believer in the project, and although have some concerns naturally, (who wouldn't in this end of the market, foolish not too) still consider the risk reward ratio within my investment/trading profile. Therefore I continue to hold.

    I find it hard to fathom that they would not go to the expense and trouble to drill an additional 5 wells on top of JH#1-1 and running production casing on all 6 unless they are extremely confident they have a commercial discovery on their leases.

    You have to remember that last October this was never on the drilling plan whatsoever. It was never considered that there was gas at these levels??? They were and still are chasing plays at deeper levels.

    To then go off on this tangent and completely redesign their drilling schedule around this has to say something.
    Either they found some fools gold and are off on a quest to unearth Lassiter's reef with tunnel vision or there just might actually be something very significant down there they are trying to discover/better understand?

    (one individual maybe could be blinded this way but 3 separate companies with numerous individuals, including 1 company exploring the area for how many decades??)

    You choose. They are on a wild goose chase or not.

    I have not deserted the stock nor these forums and continue to read posts everyday. I try to limit what I post based on whether I think I have anything of value to add to the discussion. (very slow two finger typer also).

    If I don't have anything to add I simply shut up and enjoying reading the argument for and against. You need debate to put reality into a healthy perspective.

    I think the decline in the share prices is more to do with frustration more than anything else, outside of general market sentiment at the moment.

    As ds stated this was all meant to be determined last December/January and he sold a significant holding not because he is a non believer but because his investment profile changed. Things are taking too long!!!!

    A lot of people no doubt feel the same way. Each to there own.

    Regards
 
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2.5¢
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