Not so sure, 1982 .... remember that SXY is already almost 9%...

Not so sure, 1982 .... remember that SXY is already almost 9% shorted: this is simply HUGE and INSANE for a company with a strong cash balance, 1m oil barrels hedged and NO DEBT.

In the short term, please also consider:

- M&A or farm-in activities in Cooper Basin very very likely....

- "Kingston Rule-1 completed in February with first gas expected during March" (see presentation) - ann coming soon?

- Vanessa Gas Field: "Plan to bring well online during 2015" + "JV continuing to progress plans to commercialise initial production" .....

Any of these events could pull the trigger... and with more than 100,000,000 short positions, I am not so sure, you will be able to catch the SXY rocket. DYOR