I thought that exact thing last year and could only come up with 3 possibilities.
1. SA knows oil is dying and they want as much out of the ground as possible before it happens.
2. SA is trying on behalf of some OPEC players to break unconventional oil.
3. The world economy is so sick it just can't sustain a price above $50 a barrel.
Not sure if any of these things are correct but after buying at 13c and pulling my 33.5c sell order to get a CGT discount in the future and make this a LT hold I am have mixed emotions of the SP dropping without any obvious blocking walls. I myself will find some cash to start buying again should it head into the teens again.
Can anyone shed some light on the deal that was made with ORG last year when the speculation was they should just buy us out with what they had to pay considering our EV at the time?
SXY Price at posting:
24.5¢ Sentiment: Hold Disclosure: Held
