Will Santos ever recover?, page-235

Yes, I could not understand $6.20, thought that was stupid.

Then I was surprised it fell so far back to $5.85.

IMHO the middle of that range $6.03 is probably sort of right with the open after the TH of $6.10 being a new momentum SP trigger.

So IMHO $6.10 could be a sort of jubilation trigger point to either buy on the bounce back or sell if no further action, such as an alternative bid occurs.

The smart money has probably moved onto other stuff in the O&G sector to get the rewards when other bidders get their action together. It looks like the market think the bigger players upstream, midstream and downstream might be the go.

The minnows did not do so well 2day.