The recent rise we have seen is purely due to the increase in...

The recent rise we have seen is purely due to the increase in oil price to which SXY is obviously exposed to.

There has been an overall increase in the energy sector in general, as valuations increase in line with the new expectations regarding oil.

I don't think this rise has anything to do with the bucket loads of news that SXY is expecting by mid year (which is only 6 weeks away).

As this newsflow is released, and then SXY embark on their program for a stepped change in production and revenue, thats when I think we will see the real re-rate.

What we are seeing is not even the entree, let alone the main course.

Entree will be served by June
With Main course coming between June-18 and June-20, as drilling and that stepped change in earnings occurs.

Sit back and enjoy. Its going to be a good period to be checking your portfolio!!