I'm more of a biotech guy. SSN is my first serious foray into O&G. First of all many thanks to HC posters who have interpreted the technical info for me and help bring this little gem to my attention.
Todays announcement, even to a novice like me, looks rolled gold.
Now world markets are crap, that's a given. But at some point that all shakes out and attention moves away from capital protection and returns to growth. At that time SSN will be a totally different company from what it was last time people looked.
So eventually a total re-rating is inevitable. Would anyone like to hazard a guess, based on charts, gut feel or previous O&G experience, where that might take the SP once world markets settle.
SSN Price at posting:
12.5¢ Sentiment: LT Buy Disclosure: Held