STU
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0.00% 94.0¢ stuart petroleum limited

stu - oil to fall +++===, page-4

  1. ian_whitchurch
    2,834 Posts.
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    17/11/04
    11:07
    Post #: 660176
    They did it before the recent run-up in oil prices.

    In any cases, the hedges gradually expire ... but it meant that STU missed out on the run in oil prices.

    It was a justifiable decision at the time, and I believe it was required to get access to their $10m line of credit from the Commonwealth Bank.

    Ian Whitchurch
    STU Price at posting: 0.0¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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