Been saying for quite some time that we are still in the age of oil. Technology is lagging and there is a lot of energy locked up in oil. At the moment, many alternatives require too great an energy input associated with their manufacture and subsequent disposal/recycling. This of course is a necessary part of the developmental process, but IMHO we are nowhere close as yet.
SEA fundamentals improving by the day. No reason (apart from issues with markets...which still exist) that we should be past $1.10 IMO. I've done my own calcs and modelling and we are still very undervalued at these levels IMO. I am holding from sub-10c, though would have topped up massively at 40c(as posted) if wasn't holding quite a few SEA (majority of my portfolio). Should get a kick once some of the money on the sidelines comes out to play. Suspect this may take a bit of time though, as watch and wait seems to be the order of the day.
Good luck all.
SEA Price at posting:
75.0¢ Sentiment: Hold Disclosure: Held
