We have some idea of valuation.
Cash raising with sophisticate was at 0.37. We cried highway robbery as sp stood mid 40s.
I topped up at 0.40 and thought i was getting a bargain.
That stood until unfolding events in Japan and floods in queensland drowned the coal and mauled the energy index.
Energy stocks continue their deflated course.
There is just one question i mull over. How can energy index be so low and petrol at pump be so high?