Yes sharks very good run down on SSN history sadly the market is very narrow minded these days and one must keep this in mind ...
Currently the market know's SSN explorer history outside NSY and know by years end SSN will be very low in cash...
Now of course if it sees good results from defender/SOA2 up it goes ....
when you do the EV numbers SSN isn't that undervalued and market still see's 60mill in value from leases/production etc in contrast MPO EV is only valued at near a third of SSN as they have a massive 100mill in cash (123market cap) and have a goal to produce north of 2000 boepd by this DEC.....
I must say I temped to buy the opts sub 3c
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it is not bad luck rather bad execution, page-39
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