At the end of the day, if we had been told that these problems were evident as soon as ESG knew we would have been disappointed but eventually understanding. As it is now we are angry with the problems AND the fact that ESG kept them quiet for so long.
Seriously if ESG came out months ago and said "as a result of poor weather any reserve upgrade will most likely be pushed back to early 2011" I would of been disappointed but grateful that they told shareholders.
ESG Price at posting:
83.0¢ Sentiment: LT Buy Disclosure: Held