Thanks for the hint. I've had a look at SXY and made a very...

Thanks for the hint. I've had a look at SXY and made a very crude comparison with RMS:

	Column 1	Column 2	Column 3
0		SXY	RMS
1	Shares on Issue (m)	1153	470
2	Share Price (AUD, 14.1.16)	0.13	0.24
3	Market Cap (mAUD)	150	113
4	Debt (mAUD, 30.9.15)
5	Cash and Eq. (mAUD, 30.9.15)	53	39
6	EV (mAUD, MC+Debt-Cash)	97	74
7
8	Production Est. FY16 (mmBoe)	1.1
9	Price (AUD/Boe WTI, 14.1.16)	44
10	Production Est. FY16 (kOz Au)		104
11	Price (AUD/Oz, 14.1.16)		1544
12	Sales Revenue Est. * (mAUD, FY16)	48	161
13	Op. Costs Est. * (mAUD, FY 15)	77	102
14	Op. Cash Flow Est. * (mAUD, FY 16)	-29	59
15
16	Resources (PJ)	358
17	Resources (mOz Au)		2.25
18	Resources/Production (a, optimistic proxy for LOM) *	58	22

* These are my own, rough estimates

So, I think the problem with SXY is negative cash flow at current oil prices. The cash will be eaten up in a year or two if oil doesn't rise.

Because I'm new to Oil and Gas in general and to SXY in particular, I could easily have made mistakes. Corrections welcome.

--
All IMHO. DYOR.