I decided to sell some Mart today. I don't think this burst of optimism is going to be supported with any positive pipeline news for months. Likewise, they can't produce much more unless the long ago promised AGIP increased capacity happens. If they are losing 28% of the oil, why would you increase the pressure and send more good oil thru the sieve onto the ground?
And positive drilling news is somewhat useless until they get the second pipeline built.
So I decided to sell and will probably buy back cheaper before we get closer to the dividend announcement in December which typically sends the price upwards.
Please post stock symbols first in all your posts. If it's a foreign stock, please list the US pk equivalent symbol.
If the Commodities Boom is Over, I am just a Gold Bug headed for the Windshield of LIFE