  Canadian Superior Energy has been recovering nicely the past several sessions. I actually moved back into the green today, which pleases me greatly. I managed to dump two-thirds of my position in the minutes following the company's announcement that they were abandoning the Mariner well last March. I sold at $3.10 for a slight loss (sadly, I became aware of the company too late, after the runup) and kept a third, thinking it would bounce off $2-2.50 once everyone realized the well, while not commercially viable, had still been an exploratory success. Unfortunately panic set in and the price fell further. Then came the blood-sucking ambulance-chasers to file frivolous class-action lawsuits and put even more pressure on the stock. I started buying back in at $2 and accumulated more down to $1.14, ending up with a $1.66 average. I admit that when the price dipped under $1 my confidence wavered, but I was determined to stick it out with this company, knowing what a bright future they have.
The market seems to be gradually recognizing that the lawsuits will amount to nothing and that SNG has a lot of potential. There is something uniquely satisfying about surviving a test of fire, although I don't suppose I would complain if every stock I bought simply went up from the moment of purchase. Go SNG! 
