We can wear the short term pain - I hope it sinks lower - yes its bad for STO and all other aussie oilers but its extreme for the US oilers - they're at $28.31 now and it will be harder and harder for them to justify anything going froward with the prices they are seeing on their forward contracts - they're at $37.41 for December 2016 and unlike us - there is nowhere they can point to in the world and say "look the low POO is going to cause them to buckle in the next few weeks - months" the US oilers are the weakest link - we need the pressure to be maintained on them - I'm starting to feel like Dr Evil...
STO Price at posting:
$3.06 Sentiment: Buy Disclosure: Held
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