Surprisingly it's not doing that. I am astounded. For whatever...

Surprisingly it's not doing that.

I am astounded.

For whatever reasons, and I am not going into that here, nothing seems to move ARQ.

Based on what is happening I can see ARQ being savaged should their first Canning well be non commercial. (Back into the $1.20s/$1.30s?? if no other news has pushed ARQ up?)

Do I want to wait and wait for a $2.00 bid? Not really.

I can and have found any number of stocks that rise sharply in a short period of time. So what am I doing hanging on to this ASX non performer?

Really, it defies logic.

Weakness begets weakness. That is what we are seeing again today. ARQ down yet again, while the Energy Index is up over 1% and oil is well over US$70.

My money in ARQ has badly lost its purchasing power in relation to most other oilers and the majority of resource stocks on the ASX over the last few years.

If ARQ has not performed its part of the bargain with me when I purchased, which is to increase shareholder wealth then surely logic dictates that it is time to part?