Friday, March 19, 2010

Shiloh Share Price Static

Shiloh Share Price Static

Open Books International's recent lauding of Shiloh Oil as an ethical operator hasn't found any great resonance with the market.

"People invest in Shiloh because it's a solid, reliable operator that can be trusted to give a good return," says New York stock analyst Chuck Gantry. "Nobody's looking to them for high-falutin' talk about ethics. If they wanted that they'd be investing in Wordsworth or the like. They don't take to being lectured by pompous NGO folks like Herr Wilhelm Achterburg. And they're not impressed by Shiloh talk about a deal in Thibaw being imminent. They'd like to see details - something solid. Given the uncertainties in Thibaw any investment before that is little better than a gamble."

Shiloh is trading at 6.71

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