oil price, page-2

Hi Shimmer

I'd have to agree with you. But I think its also worth asking what's keeping SSN's price up? Particularly with the drop in oil price and the downward market pressure, some holders may be a little nervous about their position? In short, SSN is doing very well despite market pressure. I thought it would be interesting to compare some charts:

The market top occurred on April 15th - see grey vertical line marked on the XJO daily:



Since April 15th, the XJO has now lost just over 10%. If you look at oil, the CRB commodties index shows what's happened since April 15th (sorry, couldnt find an oil chart on IC) - its plunged a similar amount:



Yet look at SSN/SSNO (see below). SSN has closed level with its SP of April 15th. The chart actually looks bullish despite such downward market pressure. Additionally, SSNO has actually improved against both its April 15th price and against SSN, indicating forward-looking valuation of SSN has improved.



So what's holding SSN/SSNO UP? Mr Market's assessment of SSN's value based on the Niobrara land valuation, the possibility of a JV to get Niobrara exploration underway, Gene and Gary performance.

All the above suggests VERY strong support for SSN currently at 0.32 according to the chart, and 0.019 for SSNO.

Cheers all, Sharks.