Interesting about ITC. That was fun wasn't it? I have almost forgotten them. It was a great takeover . Got diddled as always. But a ripper return.
I have been with VPE/SXY since I recognised it was turning ( feels like zonks ago ) and after reading the SXY Annual Report today I am feeling pretty good tonight. ( hence a couple of reds ).
Don't worry I have a few SXY and sort of feel a bit punched to think they were once $1.20 ish and now are only 68 struggling cents. And then I read the Annual Report.
This is the BEST Annual Report I have ever read. No kidding. Just have a glimpse. I bet you will be awestruck.
Your strategy about SXY doing an 'ITC ' warrants attention but for my money SXY has done the research and concluded that this Cooper Basin has got it at all levels. They are in continual aquisition mode. Why not at this early stage ?
Please have a look at the Annual Report. Don't forget to do a 15 minute due diligence on the Shareholders and Management. $100 million plus revenue 2013.
Better go to bed. This oil game is addictive.
SXY Price at posting:
68.0¢ Sentiment: Buy Disclosure: Held
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