I agree, but I think the market is concerned about the massive capex required to commercialise the Cooper non-conventional resources.
Never mind that they won't be spending much at all unless the numbers come back positive and Chevron completes stage 2.
But the hot money has decided that date (Sep 2014-ish) is when there can be a real calculation of the value of the Cooper, so they are ignoring it till then.
*shrug*
Seems like an opportunity to me. I suspect a positive out of Lake Tanganyika before then, and there is a good chance of Egyptian upside.
Plus Cooper flow results could make it plain to see the viability earlier.
what should my price be ??, page-2
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