stand by for CR, EPS downgrade, writedowns, page-100

I feel for all shareholders that hold from significant higher SP levels. However this is the time to start picking up a few STO shares and a few select others. Oil may stay lower for longer, but highly unlikely that POO won't revert to around median levels in the next 12-18 months. STO has deep strategic value (think of time frames past next week or next month) based around hard and scarce assets that no-one else will contemplate building in the foreseeable future such as extensive pipeline networks, the multi-billion dollar GLNG facility and the Moomba facility in the Cooper. This is why STO is a strategic play unlike other O&G wannabes with prospective acreage only.

I think I traded STO over a period of a few weeks in early 2014 but entered today for a longer play today at $5.70 using 1/3 of my investing $$$. I'll use another 1/3 in due course depending on short term SP movement and will keep a final 1/3 to use if complete capitulation happens if it hasn't happened already.

GLTAH