SHE 0.00% 0.7¢ stonehorse energy limited

I don't think we have any traders in the stock to be honest....

  1. 918 Posts.
    lightbulb Created with Sketch. 419
    I don't think we have any traders in the stock to be honest. There's no volume, huge trading spreads, and a boring business.

    It looks like the broader O&G markets are starting to worry about the state of the economy again. If it keeps going the O&G stocks will move further south. I don't think they're as cheap as what some people seem to think, at least not with oil at $70..........

    This is exactly what I expected to happen, and why I chose SHE for my oil exposure. If it continues, I think we will have a strong footing: we are very much cash backed, leveraged to a strong US dollar during global uncertainty, and also on the hunt for small dirt cheap O&G investments which are about to come in abundance from stressed operators.
 
watchlist Created with Sketch. Add SHE (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.