Good analysis, OGG. I said previously that DLS was becoming mature and I was also preoccupied by these flat cash flow forecasts. But as many others, I think it has still a great potential.
About sector weakness all around the world, the key is clearly in Saudi's hands. Remember : they upped prod during first half as many geopolitical risks were looming. As they saw these risks had been exaggerated, they reduced by 400,000 B/D in August. And in September, OPEC planned further prod cuts. But last week, surprise : Saudis decided a price cut, which provoked a new debacle...
Maybe they want to protect their market share (it's the main comment). Maybe too, they are annoyed by rapid devlpt of shale oïl in US. There is a third explanation : it's directed towards Russia as a new kind of sanction in exchange for US help against IS.
A-N
STO Price at posting:
$13.54 Sentiment: None Disclosure: Unspecified
SXY Price at posting:
54.0¢ Sentiment: None Disclosure: Unspecified
BPT Price at posting:
$1.38 Sentiment: Hold Disclosure: Held
DLS Price at posting:
$1.24 Sentiment: Buy Disclosure: Held
(20min delay)
