This downward trend for SEA is about the slowing demand from Europe and China than about anything else. Spain is the latest to be going broke and needing EU bailout money very soon. The U.S. oil reserves are tipped to rise by about 2mboe again this week but I dont see that as having much affect on the oil price now. Some people are talking mid 90's for oil soon. SEA The company's future is very bright but unfortuneately the rest of the world will outweigh SEA future at least for the time being.
MM
SEA Price at posting:
72.0¢ Sentiment: ST Buy Disclosure: Held