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There is oil in the ground so it must be worth something – or is it?

By JR Ewing | Saturday 10 August 2013


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.


A poll was done recently regarding management of a certain company.  In it a reader listed the numerous faults of the company but thoughts new management might do better as “…we do have an estimated 3.5 million barrels of oil. That's got to be worth some thing. A new management team could transform us.”

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