“Wordsworth’s been taking a battering recently from all sorts of investors who want to shed their stock,” says renowned analyst Joe Grundy. “The ethical investors don’t like the stories they’re hearing about how security is being managed in Wordsworth’s operational area in Thibaw and the more hard headed institutional investors aren’t happy about reports of a falling out between Shiloh and Wordsworth over alleged poor cost management in the Dorothy Field in Britain’s North Sea which Wordsworth operates on behalf of a Wordsworth/Shiloh joint venture.”
“Investors are hoping to hear something positive from Wordsworth soon,” Grundy added. "But so far there has only been a crushing silence.”
Wordsworth stock closed at 282 its lowest for well over a year.
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