looking bad, page-6

Both oil and gas took a bit of a slide last night as oil export from the Saudis went up for the third successive week while US demand has weakened...

                VALUE	CHANGE	% CHANGE
Oil             121.12	-0.29	-0.24
Gold            902.80	-5.10	-0.56
Natural Gas     8.65	-0.08	-0.91

Gas actually touched the 61.8% retracement point at 8.47, but has bounced off. So will be interesting to see if this will provide some support going fwd.

Also bear in mind that we are in shoulder season over there (between peak summer and winter). So demand is in a seasonal trough at present.

In any case, gas is still too cheap relative the oil, and STX is still too cheap relative to gas. So what we have is one very undervalued stock with great cashflow. This is important as they wouldn't have to go back to the market to raise more capital at the current depressed price (hence huge dilution). In fact, we are very good for a nice profit this year!

Hang in there mate. OGW said they were looking to take a position, but seems they might have chickened out for now and looking for a better entry price perhaps? Speaking of which, I am a bit surprised at their choice to select ITC and PCL in their "make a million" funds over STX or VPE.

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