After London finished up yesterday London is down by 9% now trading in the 4 pence range! I really can't see why it is a sell right now apart from people getting emotional over a problem with the Retrievable Bridge Plugs which OEX has told the market they have fixed which resulted in the delay. I guess bad memories of the 76H debacle has freaked out holders. Then again maybe it is justified as Chillam has suggested about OEX dubious announcements but I just can't see why Ron would put himself in that situation and associated legal problems . After all isn't Ron in his 60s?? I highly doubt he wants OEX to fail as that will most likely end his career in the oil and gas industry and even though he has been well remunerated it could put a dent in his super! I'm just saying both professionally and personally I don't believe RM wants OEX fail even though the market is acting like the company is about to declare bankruptcy.
OEX Price at posting:
9.5¢ Sentiment: Hold Disclosure: Held
