SCI has gone up by close to 50% from its lows of 2.16, mostly due to the rally in Oil prices... which also gained close to 50% from its low of $27 to around $40. Petrobas reported a huge full year loss along with Brazil heading into a second year of recession, the situation with Sete Brasil still drags on with a cloud of uncertainty. As such I have began to take profits on my SCI position at a much accelerated pace than what I planned before. I intend to reduce SCI from 10,000 to around 5,000, which is half the full position... while waiting for further updates on Sete Brasil. In short I still like SCI's overseas's Utilities business which seems to have strong growth but on the downside its Marine and Local utilities business is likely to be weak for 2016. Part of the sale proceeds was ......