Don't get me wrong I have thought WGO so cheap that I have over bought what I would normally do in my portfolio as I couldn't find anything else better medium term value and I've made good profits buying in and out of WGO in the past year. I still hold maybe 30 % of my portfolio in this stock.
I was more amused or maybe in disbelief if the broker report is correct that WGO are fulfilling their contract by buying gas off STX to make up the shortfall which made no sense as they should have just sold less gas in the first place or hadn't planned the phase up very well. The balancing agreement initially I thought meant sell more gas in phase 1 and the shortfall is made up to STX where STX could use more capacity upfront in early years or in future years rather than give STX a free option and time to decide what they want to do or where the market is at a future date.
WGO Price at posting:
21.5¢ Sentiment: Hold Disclosure: Held
