Strategic Oil and Gas Ltd SOGFF

RE:Too bad

[jerrybe]

Did I blame others in my post? 

Nope, only myself. I thought the worst was over but I sure was wrong on this one. I think it was the speed of the decline that shocked me more than anything. But as you said, I should have been prepared for this kind of volatility. 

Again, not blaming anyone. SOG has nice assets, built out all the infrastructure and seems to have a reasonable growth plan. I guess low prices are thwarting those somewhat. Saudis just came out and said $60 is what they feel comfortable with. Earlier this year, they claimed they were comfortable with oil at $100. Is $60 sustainable for SOG? I think they can withstand for about a year and then things will really start to get tough. I would say this applies to many small oil and gas stocks in the space. In any case, I appreciate your advice wcw.