The USA markets are going bearish on energy NG sector which leads to all energy sectors. The high drilling cost in the USA with high inventories are causing a hold on expansion efforts. The "still cheaper to buy than drill" will hold until something happens to either put a spotlight on companies like SSN or some major world event occurs.
It seems like the USA approach is holding the Australian investor as well.
Hears hoping a great next ANN helps SSN to grow.
Bob
"U.S. natural gas futures ended down sharply on Tuesday, their sixth straight session loss, as mild winter weather and record high supplies knocked prices to levels seen only twice in the last 10 years.
Prices have dropped 18.7 per cent in the last six sessions, the steepest six-day drop in nearly 4-1/2 years. At the same time strong volume and record high open interest indicate that traders are starting to pile in with bearish bets."
