Nothing NewThis is just the latest installment of SEI being unbelievably cheap relative to its fundamentals. Imo PEL 83 is worth USD$1.50 to SEI. [12 billion OOIP, 30% recoverable, $3.50 per barrel of recoverable]. So the market is pricing the rest of the PELs as being worthless and SEI will only get 50 cents on the $ for PEL 83.
The poor volume indicates to me that institutional interest is still minimal.It is what it is.