Despite the weakness in oil the past fortnight I think SEA has held up very well. It's lower on light volume indicating the sellers have been the fast money chasers and no material holders. Quarterly results were inline, company cost of production continues to decline and I am expecting a solid Q4 with new wells coming online. I have bought into this 16/165c this morning as I am a Long term oil bull into 2017/2018. Hillary for the win should see some stability back into global markets next week. Great value. Also a believer that we get something from OPEC. Saudis can't afford not to make something happen. Even if it's them doing the majority of the cutting and heavy lifting. Have a good weekend guys
SEA Price at posting:
16.5¢ Sentiment: Buy Disclosure: Held
