Just to add my 2c worth. On their recent Australian visit, SEA mgt stated they expected gross revenue of $3M per month by December. I believe they worked that on $75/bbl. So if nothing else has changed other than the spot oil price, you could conservatively make that $4M per month, with the additional $1M going straight to the bottom line (less tax).
As for a lot of oversold stocks, I'm looking forward to July when we're over the tax loss selling, then we can start to focus on the fundamentals again.
SEA Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
