re: Ann: Arrow Increases Gross 2P Reserves by...
Well I am really pleased to see the gap at 410 get closed.
The reserves increases were real, and probably above expectations. Just what the market was looking for in the QR (which was great on production, revenue etc), and didn't get.
Plenty of people panic selling today, should be a good day for margin calls after the way the XEJ,XMJ,XJO has been falling unrelentingly the past 2 weeks.
I'd say when people are in the mood to buy again, people will take note, but not many will today.
Today buyers most likely mostly bargain hunters looking for the badly wounded, which AOE isn't. JMO.
EL
AOE Price at posting:
$4.09 Sentiment: LT Buy Disclosure: Held
