SEA holding up fairly well over recent weeks, but I think in the short term the share price will be in for a battering due to widely documented oversupply. For long term holders I don't think this will be an issue as SEA is a great company with excellent prospects. Short term 3-6 months could test new lows as the POO hits the fan.
Personally I will see this as a great buying opportunity mid year as I think when the POO recovers Sundance will steadily make its way back over $1.
My view, short term sell, medium to long term strong buy. Looking forward to a re-entry at the right price.
SEA holding up fairly well over recent weeks, but I think in the...
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