Nicely explained Mr Hog.

I believe that normal service will probably be resumed within the next 1 - 3 years, depending on how long and deep this recession is. I think oil will most likely re-trace it's step back to and beyond $100 a barrel.

The price of oil makes no material difference to Sages bottom line. This is because of the current regime in Argentina, whereby anything over $65 per barrel goes to the government anyway. So it doesn't matter if oil is $65 or $200 the profit margin for Agentinian companies remains the same. That $65 profit cap does get reviewed from time to time and I believe it was recently increased to this level because of the recent high oil prices.

If we can survive the next 6 - 12 months then anyone left holding stocks should see some very good returns.