GulfSlope Energy Inc (GSPE)

[spec machine]

You can’t build a business on quicksand and it’s becoming very clear that the war on carbon is going to explode soon

Cancellation of the lease sales and nullifying the last sale has damaged the domestic oil sector

Every day, instead of correcting the blockage as we’re assured they are … new blockages are crafted and re-branded as a “solution”

A new lease sale announcement is worth ZIP

All this rowing

market swoon, bounce, steep drop, bounce, fall again

The drops are 60% fear. 20% bearish data on a few high P/E names, 20% fed-driven re-pricing of forward estimated earnings

Bouncy bouncy market, sliding lower as she goes

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