It would be nice to think the AUD would fall to give Samson more value for Aussie investors. However with the nature of the problems the US are facing and the buoyant economy here we are more likely to see the AUD strengthen in the near term imo. Only once the US start to increasing their rates will we see a possible reversal.
Now imagine if the issues in North Africa, slide across to that Country called Saudi Arabia......
I think the importance of oil in the US may go up another notch or two.
SSN Price at posting:
18.0¢ Sentiment: LT Buy Disclosure: Held