I've watching SSN for the last couple of weeks and it looks like it might be on the move.
The buy side is building and with the drilling of
gene 1-22 in december it could give it a kick.
There has been selling at 1.1 and now buying at 1.2.
Whoever took part in the placement at 1.2 is probably exiting and keeping the free options.
It looks like it's nearly finished.
SSN has a bit of debt but with unwinding of some of the hedging is a good sign to increased production.
I bought 4m options today and after reading MPO's presentation regarding the shale oil play just over the border in canada,I feel even better.
SSN is the forgotten oiler.
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