It appears that some on Wall Street forgot why they sent shares of Goodrich Petroleum (NASDAQOTH:GDPM) through the roof only a few weeks ago, because following a less-than-stellar earnings report, investors started selling shares. Stepping back from the situation, this doesn't really make sense. While there were some operational hiccups that are likely to happen when figuring out how to tap a new oil formation, much of what happened to Goodrich this past quarter was according to plan. So why were investors so quick to jump ship when the numbers weren't up to snuff?
If you don't know what to make of Wall Street reactions to Goodrich Petroleum, that's OK because they don't really make sense. In the video below, find out why this is simply noise you should tune out and what you should focus on at Goodrich.
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