I must agree with the thought that we need more information on what we have in the kitty as it were, even before we can accurately come to some value estimate. Too low at the moment from my opinion but historically this is the way the larger operators position their prey prior to a low ball takeover offer. My main hope is that the strategic review will coincide with the release of the updated reserves and perhaps some other positive news will be released. I am open to other opinions but i think time is on our side as the longer we hang on the better. At the moment Woodside and Beach and Mitsui have a lot on their minds with other large projects nearing completion but come next year they may be looking for more supply which may bode well for small operators like STX. Other future upside events are the power station and higher prices for gas sold into the export market to name a couple.
STX Price at posting:
23.0¢ Sentiment: Hold Disclosure: Held
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