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Marine websites are reporting the Eli Akaso is on the move. With up to 50 distressed April cargoes unsold and reportedly priced at up to $5 below dated Brent, there's a huge financial opportunity for anyone with physical storage to take advantage of the extreme contango in the market. For the hard pressed shareholders in SLE, I hope this is being considered.

Came across this article in the archive.....sound advice for all, no matter what your prejudices:

"According to Michael Hughes at JP Morgan Fleming's European Equity Group the rational way to invest in the market is to look for shares which display a small number of specific style characteristics. And having outperformed the market every year in the past eleven, his views are worth listening to.
Underlying his approach is the assumption that investors suffer from at least four major psychological failings which at the individual level encourage us to make bad investment decisions but at the market level create sustained valuation anomalies which can be exploited by those who understand what's going on.
Overconfidence is the first failing. It leads us to believe that when a share goes up it's because of our superior judgement but when it falls it's down to external uncontrollable events. Because of this we never learn from our mistakes.
Flaw number two is called loss aversion. It's what the old adage about running profits and cutting losses is all about. Most of the time we all do the opposite and research shows that we are twice as likely to sell a winner than a loser. Unfortunately on average those winners are much more likely to subsequently outperform the losers we foolishly hold onto. Related to this is the so-called sunk cost fallacy otherwise known as throwing good money after bad. We do it all the time rather than admit we got it wrong.
Anchoring (don't you just love this jargon) is another common failing - latching onto a number (say a previous share price high) and assuming that a share will by rights return to that level. It makes us think a share is cheap when to anyone else it is obviously not.
Finally, Flemings draws attention to what it calls mental accounting and I call sloppy thinking. An interesting aspect of this is the way in which the ease with which we come by funds affects our willingness to take risks with them. If you've just made a lot of money on a successful share trade you are much more likely to be cavalier with the proceeds than if you had saved the money out of your salary month after month."

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