Hi friends,
After seeing off SEA a few years ago to buy a house I am looking to send some cash back into the market. I had followed/owned SEA and AUT for a very long time. I see the current dip due to poor WTI/bent prices. IMO I can't see this lasting forever so my question is to you very informed people...
- Can SEA survive a sustained low oil price?
I see the SP is around 60c today... the same price I bought in years ago. It is a poor day for the ASX today but from experience often these massive turns like SEA has just had it is a massive over-reaction by the market. If the company is still the same and can survive a low oil price I will be plunging cash into it. Time for me to start reading up again and would love your input too, both holders and begrudges.
Cheers, PS: Is Condog/oilgasgold still around?
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