WTI again had a great day-up another $2.00-- most US Oils jump dramatically and I
assume that because the head wags the tail that sea will make another very positive move
on the upside! As mentioned in early post-SEA is worth dramatically more than the price indicates. I do believe that Eric and the team will rid themselves of some of this debt
by selling assets. SEA has had a amazing growth pattern and this was not by luck, but by
an A+ management team that gets in early and successfully grows and then rids itself of
the old story! We have short covering, stronger US economy, China not falling into a big black hole,rig count falling and inventory dropping and the average investor is under invested in the Oil sector!I believe that we are going to test WTI @ $40.00 . This week will tell investor's about the oil market- inventory numbers and rig count--
Of course if the price is right management could sell and the price would still be much higher
than the current price! I would like to mention that some other poster mentioned that SEA's oil cost is 15-17 dollar range- this is false. One other thing when I spoke with management-
they cannot buy stock until the annual report is out! Then if there is a proposed sale of asset
then they still would not be able to buy shares.
Regardless, SEA is gem and any sale of the company would be in US dollars- so AU investor get an even larger reward.
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