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Re: richard smith post# 4980

Tuesday, 08/11/2009 4:56:09 PM

Tuesday, August 11, 2009 4:56:09 PM

Post# of 8738
Just remember VNX mgmt went completely stupid in how they went about bailing out at the low end of oil prices.

The NOC could care less about their timeline and probably anyone else for that matter.

When you are sitting on some of the biggest and easiest oil/gas reserves in the world, you can do whatever you want.

Remember as well Libya had a 25? year embargo that finally got zapped and IMHO they would be wise not to be pissing off the US and European govts. The position of power may change in the next few years, but there has been NO technology upgrades for many years and that is probably a priority.

As for the volume...199 share trade was a joke and as per usual the chicken little prediction of 50 cents got whacked.

August is a month for everyone to take a holiday, including anyone watching the AXGC market so these stupid low price swings will happen.

$AXGC$ is the plate number