MD from CVN sums things up pretty well- "I appreciate that market conditions are not ideal and investor sentiment towards junior resources companies in general is low." see:CVN Newsletter (Disclosure: No stock Held)
Also another good article Managing ripples in the oil field discussing operators priorities in the low price environment.
"As the industry anticipates the oil price recovery, the poll results shed some light on where production optimization priorities currently lie. The necessity to reduce costs combined with tighter flaring regulations coming into play provide a unique opportunity for operators to reassess short and long-term options. "
Cheers
SSN Price at posting:
0.8¢ Sentiment: Hold Disclosure: Held
