Concerning SSN I'm all in ATM. I will probably assign most of the heads to a medium term parcel,keep the tails longer and possibly convert some for the very long term if all goes to plan.
I concur with what mljet/melua is currently saying on the BCC thread in that the small/micro cap O&G sector is DEAD!
This is fantastic for medium term speculators BECAUSE companies have to reach certain fundumental thresholds (including quarterly report strength) before they are repriced. This means they won't all (necesarily) reprice at once.
I am going to bet on the liklihood that the SSN SP will substantially reprice much more quickly that some of its peers who also have good results and good upstreams. If I'm right (and I could be wrong) there is at least some chance of being able to move traded profits from SSN to a peer level company then onto another peer level company.
These are truly odd trading circumstances.
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