got the speeding ticket, page-7

Most oil stocks have been showing good gains since the POO has doubled to over $70. SAE until a few days ago was a laggard stuck at its financial crisis lows.

SAE production fell almost 46% in March quarter compared to 6 months earlier. Income fell by an incredible 84% over the same periods. Negative sentiment probably not helped by the fact SAE need to sell assets to develop fields as production has fallen so much they don't have the cash. SAE is lucky the POO has risen as it may enable them to survive.