spud date price movements, page-3

Notorious

ST speculative money is either staying at home or gambling on whether the next volatile movement is up or down. Another play of mine which is abouts to spud is essentially illiquid so my trading parcel may have to stay where it is until hydrocarbons are realised (or not).

That said, commercial success on Defender would by my wild guess move SSN to the late teens in present circumstances.

My own view is that the trading exit point for many an oil play may come much later ...... if the current POO dump is big enough and long enough it will lead to an enevitable contango spike regardless of where other markets may go. For me SSN is a long term hold.

cheers