SEA's US listing is a positive news in mid and long term. SEA is aiming to acheive 10000boe/d in 2014. 20000boe/d in 4 years. We shouldn't lose this big picture. Even when 10000 boed are reached, SEA's market cap might reach 1 Billion with 600 to 700 million shares on issue.
This company has a strong management team and track record of capital management.
In short term, due to the dilution from IPO some shortermers are leaving temporarily and hope to buy back later at a lower price.
I firmly believe this company is on the way to reach 1 billion market cap as a first stage.
SEA Price at posting:
97.0¢ Sentiment: ST Buy Disclosure: Held
