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Friday, May 06, 2011 1:51:57 PM
So what: I couldn't pinpoint any specific news driving today's rally, but the stock isn't exactly a stranger to seemingly random pops and drops. The market's up, oil's up, and investors are generally getting comfortable with risk today, so I'm chalking the supercharged surge in Hyperdynamics up to its high beta value of 2.4.
Now what: The stock is still too speculative for most long-term Fools. Although its West African assets are certainly tantalizing, time isn't exactly on the side of Hyperdynamics investors, given such prodigious negative free cash flow. Although waiting for production might mean a significantly higher buy-in price, it seems like the prudent thing to do, given the big downside that remains.
http://www.fool.com/investing/general/2011/05/06/hyperdynamics-shares-popped-what-you-need-to-know.aspx
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