Frustrating! My only consolidation is the knowledge that drillbits are whirring and oil is flowing as I type.
I think there is a lot of psychology with the oil price tumbling. I bet if the oil price was now $90 after a slow but steady run the share price would have been a lot higher than it is now. With time the market will come to its senses. The basics is that our oil is cheap to extract while the oil price will remain high. Maybe not as high as a couple of weeks ago, but still very high by any measure.
Has anyone heard anything more about the Toronto listing?
SEA Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held