I am a bit surprised by this sudden turn in sentiment amongst MPO posters.
Generally speaking, 2010 hasn't been a great year for gas stocks - or at least the ones I hold. OK, MPO has oil too, but I think that most of its potential still rests in gas ?
It wasn't so long ago that there was quite a bit of comment on this thread that shorters were holding the stock back, but now the leadership of the company is being blamed.
Wasn't it Warren Buffet who said that a company's share price has nothing to do with the value of a company. If he is right, then it doesn't make much sense for all the recent angst over MPO's languishing share price.
Sure the share price is quite a long way off the heady days of mid 2008 (ca $1.80), but don't forget that was when oil was selling for about $150 a barrel.
MPO Price at posting:
97.0¢ Sentiment: Hold Disclosure: Held
