Zulu: Is the stockmarket being too harsh?
Only if you think that they are there to invest in companies to ensure the companies long term survival! The stock market is a simple open gambling pen. Everyone hopes to make money by taking best on the future. When aspects of the future change, they change their bets and that is what has happened today.
Another key factor is that the young men and women now making the bets have not experienced a fuel crisis before!
Lastly, I reckon that EZY is being more open and honest than some. They have said what the risk is and so their price falls. MoL has the identical risk and he will say nothing unless forced to and his price will not go down. At least, not today.
