As PAR.ol has traded down from the $65 NOK level and is a producing company I have monitored each and every PR Release.. While I think this latest down draft is overdone (todays chart is below) I have found there is no such thing when trading in O&G Producers and not O&G Service companies.. The O&G Service companies that surround Harsh Deep Water Drillers all seem to have predictable earnings for the next couple of years and because of this a floor in thier stocks.. During the past few days I have sold all producers,, not because I don't believe but because they have a tendency to be much higher beta holds.. CXPO is an example.. Take a look at SUB.ol, EOC.ol and SMBMF.pk on my trading board....Also the FPSO's while needing time to workout to me represent an entry into a new industry with the same potential as SDRLF and ALY were when I first mentioned them and they had to be put on the ZIP Code Board.. I have set up a board for FPSO's.. hank
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