The oil massacre, that's the reason why. This SP has nothing to do with how SWE is doing, its just a reflection of the collaps of the oil price. Nobody wants anything to do for now with anything that is remotely connected to oil. As I said, oil price can hit $20 and then we'll be lucky if our SP swirls between 0.1 and 0.05. If it hits 80$ again or higher, this baby will be dragged back upstairs.
On the positive side, if oil hits $20 or lower there won't be much competition for eyasi... for all I know, competition for potential oil fields must be already decimated. Governments will also have to slice their bid prices, no way any company will pay the price they have come up with in 2014... If SWE can steal some fields at bargain prices now and oil surges halfway 2015, it all looks good... well that is, only if we also find some oil ;-)
SWE Price at posting:
8.6¢ Sentiment: Buy Disclosure: Held
