- Joined
- 17 June 2004
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Rich, we also have to keep in mind that investors are probably waiting to see if Dorade is a dry hole as "predicted" by Woodside Chief executive Don Voelte a few weeks ago who mentioned that this is a strong possibility. So I guess a lot of investors are on the side line at the moment which has taken the heat of HDR. Nevertheless, I believe it is undervalued and any downside after a negative Dorade finding will be short lived.A lot of speculators, short time traders in the stock now IMO.
The market can react in two ways. It may drop or it may rise because the bad news is finally out and one can look at what's in store afterwards. With HDR you won't see a drop anytime soon. The market is actually as efficient as any other market and if the news is really worth something (good or bad) then it will react instantly. Clearly investors are looking for other things to come as Dorade-1 was always considered a high risk thing with a big chance that it may not contain any oil.Some people have told me that our market is not efficent and therefore have a delay in price reaction to annoucements. Does this mean that HDR will fall dramatically on tommorrow's open?
stefan said:It may drop or it may rise because the bad news is finally out and one can look at what's in store afterwards. With HDR you won't see a drop anytime soon.
Stefan
I sure hope so, too!I would imagine that further positive news would definitely push HDR through that $2.40 ceiling again.
stefan said:So there we have it. No oil in Dorade-1. Doesn't seem to bother the market that much at the moment. Well, there's more to come...
Happy trading
Stefan
stefan said:FYI: HDR CEO is stepping aside for medical reasons.
I wouldn't expect too many dramas.
Happy trading
Stefan
Now that's the stuff I like to read about a company I'm investing my money in...As a result we have over $300 million on deposit with major Australian banks, no debt and a major oil field under development. We have enough cash in hand together with an expected bank facility to fund our share of this development all presently budgeted exploration programmes.
LOL, ok... Maybe it was my other half that made me write EXITING. But I REALLY wanted to make it exciting instead, believe me!Huh? EXITING? are my eyes playing tricks on me?
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