Round of Applause, page-13

This market never ceases to amaze me. A couple of years ago when Armour had bugger all substantial and no income there was a war for control at a much higher price. Since then a pipeline's being built past its' leases, it's acquired substantial infrastructure at ~ 10c on the dollar, is selling substantial volumes of gas and some oil into a rising market, has acquired new proven ground, has huge exploration areas with proven gas deposits, has plenty of money to expand as it desires and the price is near an all time low with very little buying interest. How does that equate? l