Investors have been reacting negatively to continued silence on whether Shiloh Oil will leave the SE Asian country of Thibaw following disappointing exploration results - and major expenditure there.
"Investors may be a little shortsighted," says veteran analyst Jesse Smith. "Shiloh's fundamentals are excellent - and they control teh only LNG import terminal on the US West Coast. Even without Thibaw it looks like a good bet. My recommendation is to buy."
Shiloh Stock is trading at 6.79, down .08 since the start of the year.
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