Im still cautious, page-67

"all you have to check is the forward oil curve ......"

The oil forward curve is lie built on two things.

1) a central bank engineered credit bubble (that distorted what old world financial markets commonly understood as risk and reward) which by the hypothecation of short term debt into long term debt spawned a drilling Ponzi scheme which is collapsing as we speak as the long term debt comes back to bite.

2) A nefarious short selling of the oil price which has been front run by faceless parties (possibly the Saudis themselves) and triggered by the Saudis decision to pump and facilitated by a corrupted banking and clearing system that allow players on futures markets to trade on leverage anywhere between 20 and 1,000 times.

Whatever the write- downs might do to the STO price the reality is that the oil price will reverse this year and once that happens the STO share price will follow irrespective of the size of any write-downs.

For a person that goes by the tag of Value Hunter it seems to me ironic that you could miss these basic truths and miss the value that has been lying right in front of your nose for the last few weeks.

Eshmun