Oil is down approx $1.50 today to compound things. I assume another big factor was the fact revenues topped estimates, but earnings didn't, which means a lower net profit %. The "traders" who move the stock in the short term don't like these numbers, thus you get the short term fluctuations. I'm holding this for the long term and I doubled my position yesterday before earnings at $14.60, so I'm hurting today (on paper), but if this thing comes even close to the $20+ target all the analysts predict it will turn into a cash cow.
am listening to CC. Analyst said co has enough liquidity to increase capex. Co said it lowered 2013 capex as it is clearly focused and bringing a JV partner. Is targeting 3 large projects this year. This drop in the stock price is insane.