If everyone works with your perception, then companies won't...

If everyone works with your perception, then companies won't exist and there should be no business. There is subtle difference which one have to understand. Now for companies whose wells are already producing they are also suffering in this fincial crisis. Timing is really important in this game. If companies think, before exploration or investment we need some confirmation regarding assests to be there, only then we gonna invest. How stupid is that ?
For Arbitrage trading you are also taking same risk.