the real problem with the ADR's is that any rise they DO have is being negated by the change in currency prices.
IMO this phenomenon is capping any price changes before they can occur creating a rut for the share price.
The fundamentals behind shale remain strong, personally I put more weight behind SEA's SP for what is 'truely' happening on the shale scene as opposed to SSN's. For some trader related reason we are in a sideways/downward trend. Our fundamentals are similiarly strong to SEA's so if they are consistently making 52 week highs it bodes well for SSN. Suggests first that at some stage we'll have a move up and when our 'move' finally happens, it should be with a bit of oomph. With consistent delays to fracs/ 3D seismics it may be Q2 '11 when we start seeing interest in our little oiler, so definetly a sit patiently kind of company.
SSN Price at posting:
5.8¢ Sentiment: Buy Disclosure: Held
