todays selling

todays selling was from big player. was selling in lots of 100,000+ but never showing up on market depth. would just wait for buy side to build then sell.

i think it has been pushed well below fair value by a large holder wanting to exit their position. Once they are out, should see prices return to better levels.

for me, bottom line is:
- oil is harder to find and increasingly controlled by governments that are against USA
- a barrel of oil on US soil carries less sovereign risk than a barrel of oil elsewhere
- SAE generating good cashflow wiht exciting projects (Paris Valley) coming up.

ado