I expect that SP would take a dive this morning, but the so called analyst downgrading is a joke. Everyone can kick a guy when he's down. I do however, hope that SP would close around $4 at the ended of the day.

I actually have a theory.

I kind of sense that a fire sale buyout may be coming in about a month's time. Management should be fed up with Ecuador by now, and the retail holders are screaming to get out. So what better chance for a major to scoop up the FDN reserves for pittance, say $9 or $10 buy out tops. It would be a steal, of course. If you have deep pockets you can wait out the current regime in Ecuador, besides FDN will not be producing at the earliest three years from now. Timing is perfect.

I am too deep in the red to sell now, so I hope my hunch is correct. Give it another month hopefully SP may recover a little more after the panic dies down and some major would take a chance on the company at the depressed price.