bearish oil price is main keller
KAR loss money at each financial report, no dividend. (STO makes money, pay dividend, SP=$12.45 on 24/11/14 to SP=$7.00 on 11/12/14. loss $5.45 within 20 days).
last report
investors expected successful West-1 Exploration Well, SP jumped from $2.28 to $2.60 ($0.32)----speculation
this report ended the game, so far SP dived from 2.64 to 2.17 (-$0.47)---reality
With bad reality, SP down 47 cents would not be enough as with the speculation, it went up 32 cents
Not only loss US$34 million, also loss assets valuation, time.........
KAR Price at posting:
$2.16 Sentiment: Sell Disclosure: Held
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