Ann: STO: Strong Caley oil flow advances Dorado, page-135

the more I have thought about the TO idea the more it seems to hold water. I agree with what you say but let me just put this line of thought to you. If it’s the shorter’s pushing the price down then at some point they must meet their target price. Having said that there seems very little effort to go down much from where we are now. So why not if the shorter’s have reached their target they would be getting out if their target was lower one would think there would be more pressure to go lower. So if the shorter’s have not pulled up stumps and there appears a lack of downward pressure from here why have they stayed. The idea that it’s to accumulate is very plausible and while it could be accumulating just for profit there are probably better options out there. Don’t know about you or others but TO accumulation seems very likely