The Bulletin Board crazies love the Falkland Island explorers. Sometimes they zoom ahead. Sometimes they crash. But every day thousands of words are exchanged between these various loons, none of which add much, if anything, to the sum of human knowledge and nearly all of which are bullish. Real investing is so dull when you can enjoy the fun of the casino with companies such as Falklands Oil & Gas (FOGL) or Rockhopper (RKH). If Bob Diamond was an oil man he’d be floating another Falklands explorer: why bother with dull profitable companies such as Northern Petroleum (NOP). He’d probably short Northern (with other folk’s cash) just for the hell of it.
But here’s the rub, companies such as Falklands Oil & Gas are a total puntComments