Cromwell closed at 387 yesterday as institutional investors have been steadily selling their stocks in light of Cromwell's incredible statements concerning non-flaring. Earlier Cromwell statements concerning their non-flaring practice do not conform to the everyday reality of oil development and this has sparked anxiety in more conservative investors. "There's a growing crisis of confidence in Cromwell's managerial ability." says FTSE analyst Beth Winchester. Cromwell has so far not assuaged shareholder concerns concerning flaring and other practices and therefore must assess how to deal with this or face the consequences of stockholder anxiety.
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