something is seriously wrong

with the company when WTI oil is up US$10 +/- per barrel over the past two weeks and an oil producer tht keeps on hitting one well after another manages to fall in price by 2 cents.

The reasons?

Well it can't be the oil price, its up.

It could be the fall in the exchange rate, but oil is up more than that. Cross that one off the list.

It could be that ADI has fallen out of bed. Nope, as AQ never went up when ADI was zoom up from 30 cents to 90 cents ARQ was in freefall. Nope, cross that one off the list.

It could be that the company is hitting dry wells or having problems drilling wells. Nope, the last well will add about $25 million to the gross yearly sales once it is on full production at today's oil/echange rate.

Maybe the company is an old fuddy duddy that has no plans to explore in other areas. Nope, CB is upcoming and Africa is a possibility. Yemen is also waiting. Cross that one off the list too.

maybe the company has lots of debt and can't finance its drill program. Nope, the company is swimmig in cash and that gets knocked off the list too.

So what left?

Only one thing that I can think of:

MANAGEMENT.

IMO that has to be the problem.