re: wtf happened - another kb ramp
Well, trader10, you're not a trader or investors bootlace irrespective of your name.
The people of this thread and over at the NWE thread are lucky to have King Baz share his research with you.
Junior oilers are notorious for pool self promotion and worse coverage by brokers so their liquidity can live and die by forums such as these. The information King Baz has shared, AT NO COST TO YOU, in many cases is one of very few sources of information available. The information he has published has been truthful, accurate and balanced. If you're going to have a go at him, atleast have the guts to highlight points that were inaccurate.
Magnolia was a deep offshore well. They are high risk plays - I'd venture to say that far less than 10% of the wells drilled of this nature go to production. It's not KB's fault if you've not familiarised yourself with the risks - you should have been thanking him for his contributions either way.
Finally, if you don't have a trading plan and find it difficult to take a loss be heartened by the fact that you're a trader turned investor in a company with cash (NWE was free carried on Magnolia), cash flow and future prospects.
NWE Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
