Oil below $20, page-172

Your first point was already known and factored in weeks / months ago, hedging etc

Your second point "World is on the cusp of returning to work", can you please define cusp in terms of likely month you will see this happen?

Your third point I agree with uncertainty hence my post, in regards again to revenues and debt this is already known and the price fell to 12.5c.

My concerns are for this stock is that it did not bounce with the other oilers so there is very limited cushion if the next wave down for oilers is significant. That could have something to do with a large seller soaking up the buy support but a terrible outcome if you are holding SXY.

I like the company's fundamentals and respect its management I just feel only a fool will rush in now when data is pointing to a sell off. As it type this WTI & Brent prices look ugly and today's trade followed by tonight's global markets will make domestic investors nervous to hold over Easter.