The marketreactedwelltotheannouncement, and shareprices of Conoco jumped 7.5% at the news, but the gap faded by the end of the trading day, closing at 1.6% higher than the opening price.
Buffalo Wild Wings went public nearly 10 years ago, and investors are used to the growing shareprice that continuously opening popular restaurants brings.
Such shareholders may not blink at the prospect of virgin Alaskan wilderness opening up for oil exploration, but they care if this poses a risk to a company's shareprice.