Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.
I know you get asked about this stock semi regularly, but any thoughts after the recent price action? It's had quite the sell off since their latest update. It's coming into an interesting support level, do you think it's maybe oversold at this stage?
Hi Aaron,
Last month saw Oil & Gas producer STX plunge ~30% due to problems at a key gas well. The South Erregulla-3 well unexpectedly failed to flow and was observed to be substantially overbalanced, the ultimate damage to the company from this issue is hard to quantify and we understand why the markets voted to “if in doubt get out”.
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