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.
This morning, Roxi Petroleum (RXP) disappointed the market by announcing that it doesn't intend to flow test its recent discovery at the A5 Deep Well until “the middle of Q4 2014”. Traders had been hoping the company would release flow test results within a few weeks, so the sell off isn’t too surprising. Roxi has eased 3.75p to 15.63p, last seen. The question now is, is this a stock to consider buying?
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