With WTI ( up $3.00) & meager strength in the AU dollar SEA should rally today.
It is easy to see that between the US and AU marketplace there is little interest
in Sundance by the amount of "posts" that reach the message board these days.
As mentioned within earlier posts- this stock is just too cheap and in my opinion
smart money should see that SEA deserves a higher PSP.
We had the Saudi's raise costs to the Asia markets and above average draw down of
inventory today added to upside of crude and of course the short maybe are getting
nervous.
Investor's should not overlook that this management team has delivered in the past
and WILL deliver in the future and downside risk is near zero.
Most have been destroyed in recent months by the $50 drop in prices, but there will
be a day and I believe in the not so distant future that crude will bubble up faster
than the herd believes.
Keep in mind that the Middle East is on fire and it is only a matter of time before
Oil shipments are affected. Yemen coast line affects 3.8 million barrels/day and the
Houthis may disrupt if they can.
Iran's oil is not going anywhere to fast. Obama, the creature, will not get his sell out
deal if Congress has anything to do with it.
ISIS is all over the place. We have plenty of risk coming from Africa - So the low prices
are a near term mirage.
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