By Gary Newman | Tuesday 25 February 2014
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Petro Matad (MATD) was well known for issuing some of the most complicated news releases of any oil share that I’ve seen. After a 97% drop in its share price over the last 3 years, perhaps the company has learned its lesson. What we do know about this stock though is that it can move sharply and suddenly.
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