I know we've seen T/O interest previously. I'm just wondering if...

I know we've seen T/O interest previously. I'm just wondering if 15c was simply a supply pressure overshoot , compounded by excessive negative sentiment. Under this logic chain, its rising now because supply pressure is exhausted and negative sentiment seems to have finally hit some sort of floor. Anyway, if the pressure is off then conceptually there is some chance to return to TERP. if it is a T/O then we should see increased chance to TERP, potentially plus a margin.

Personally I didn't load up low (wife due with 2nd and my contract work in O&G looking shaky thanks to $60 oil) but did make a point of getting enough after it looked like the bottom might be forming to drop my av adequately below the 48c rights price. anything over 40c is looking very sweet for me. well done to those that took the bull by the horns in the mid teens .fwiw I'd take some profits and get free carried, but that's me. GLTA