us market, page-25

The US economy may continue to "scud run" for the forseeable future IMO. Nothing too bad but nothin good either.

My strategy for a long time been to stick to both cash (my super accounts) and the pointy end of the market for energy and a just snippit of gold & rare earth). Black Swan economist Nassim Taleb, I understand, holds a similar view along the lines that the risk you face in the middle of the market far exceeds forseeable returns ATM.

For SSN all of this shouldn't matter because:

1) cash is king
2) POO supply side weaknesses will follow any demand side weaknesses in the medium term .
3) Gas asset valuations are still at historic lows . . . again impacting the supply side to a possible contango spike in the medium term.
4) If there is a so called double dip, SSN will still return some profit with its oil IMO, development costs will drop and near term project assets will become available at FIRE SALE PRICES.

The key risk for SSN in the medium term relates to HOW prolific the company's niobrara acreage turns out to be.

cheers