"However, we see a substantial shift in the HDR shareholder base taking place, with increased institutional investor interest now that Mauritanian production is a likelihood. With a drilling hiatus until H2 2004, we recommend HDR as an ACCUMULATE on any weakness."
Looks like Intersuisse agrees with King Louie's chomper theory, although the 2004 drilling program is hardly a "hiatus" with 10 wells to be drilled this year. More like calm before the drilling frenzy.
HDR Price at posting:
0.0¢ Sentiment: None Disclosure: Held
