All oil stocks are down today.. STO, OSH, DLS... been watching for a few days and I think investors are repricing risk (i.e. higher discount rate on future cash flows thus lower npv/sp). Makes sense given crazy volatility in the oil price and the market so a 5% rise in poo isn't helping. I think just sit back and wait a few months until the dust settles and hope that sxy makes good progress on the surat gas assets. I think we all have to manage our expectations until then.
SXY Price at posting:
13.7¢ Sentiment: Buy Disclosure: Held