Hi Scott

Many oil players are falling but the smallest get the hardest beat.

I'm a follower of Total in Europe and day after day the stock gets lower but not at such a decline rate like PDP and CLL.

The biggest reason is the oil price I guess which shows so far no real bottom .

We must have in mind that previous year was a very good one for the bourses and it was time to take proffits.

Read something from an analist who thinks most markets will go sideways for some Q's but he thinks later on the downside is more likely.