SXY chart, page-84

Well going to be in for a world of pain in the o&g space on Monday in the asx. Had been trimming my exposure a bit lately, but might have to consider continuing. Despite us being undervalued on so many metrics. Don’t get me wrong I am a big believer in Senex but the world is facing a glut of oil and gas. The market is going to sell and ask questions later despite our hedging, fixed prices, etc. Who would of thought you would see sxy at 25c a few weeks ago and bpt will hit 1.50ish on Monday essentially almost losing 50% since it’s very recent high. Maybe the next stop for sxy is 20c. A few weeks ago I would of been happy with sxy to be acquired at 50c now honestly 40c is looking good. the question is does m&a happen at the bottom of the cycle or the top. Good luck to holders, 2020 has certainly been a wild ride. Lets see what the investor day holds. Might bring some clarity on whether to stick around or lighten exposure.