us credit downgrade implications for ssn?, page-6

My current thoughts after reading everything I could and removing media hype...

Short term, there is going to be a further, minor, sp fall. I hate to say it, but can you think of any short term indicators that will reverse the slide? Investors will cash out even at these prices as we have seen.

Medium term, let's have a think...

1. The US will be after GROWTH, demand for oil rises. POO rises.
2. The US and PIIGS have to allow their economies to find equilibrium. That means overcorrection first. Leave artificial stimulus alone as much as possible and swallow the medicine.
3. By far the things that is keeping me positive the most while the global economy gets sorted out? While crises 2.0 works itself out, we will continue to derisk our acreage... Coiling the spring. SSN's current value is also less that the worst case scenario in the latest enercom report. I hope Terry is aware of the takeover conditions. Lastly, did you see best case price? $19. Expected case? $8

Let me just clarify this is my opinion, I'm very pro SSN and have not sold a share recently as I'm an investor. For those that need a little bit of reassurance, there is a nice Buffet interview on Bloomberg on US growth.

GLTA