Yeah, I think you might be right. I think the big issue is the...

Yeah, I think you might be right. I think the big issue is the NXS Crux deal that is going on. Since NXS hasn't recieved any worthwhile offers it really puts pressure on the mid-tier oil companies becuase it indicates that if these companies do need to sell asset to make a more robust balance sheet they are going to have to effectively fire sell their assets at a unreasonable price at the bottom of the market.

It also puts ROC under a bit of pressure because NXS is desperate for funds, and if it can't settle a worthwhile deal in Crux, then ROC's 44 million shares in NXS is going to suffer considerably.

Next big move in ROC will come about on Tuesday, the 31st of March 2009 when NXS finishes negiotations on the Crux deal. Whether the news will be good or bad is anyone's guess, but given that the buyers know NXS's need for funds expect a hard bargaining on their assets.

In the mean time, luck to all!