Im a little surprised to see the SP staying around these levels when results are imminent with SOA and the Defender wells, especially as we now have 2 rigs on the go.
If we were in a bull market things would be very different but with fragile markets around the world investors need to see results. With oil prices on the move SSN has a lot of ground to catch up.
There ist too many companies who have several opportunities to make substantial gains in such a short period of time, and it will only take one of their projects to be successful to have an impact on the current SP, as i believe the market hasn’t factored in positive results.
GL Matsim
SSN Price at posting:
11.5¢ Sentiment: Hold Disclosure: Held