Query from the ASX I expect there are some P...ed off people with NEN even if the oil is flowing as they retrieve the packer.
I would not be surprised if there are many SH's who are just fed up with
the delays that have consistently occured with the Paloma exercise. May I say the vast majority of delays have been out of the managements control and they will be as fustrated as any of us. However, SH's will see other opportunities and I have no doubt move to the other opportunities they may see.
Couple this with day traders, nervous investors, stop loss positions and you have a stock that has been crucified price wise.
The one question you can ask is would more timely information from NEN management help hold the price up... maybe & maybe not.
For me, I am a long term holder and am I fustrated...... you bet I am!
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