STU stuart petroleum limited
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Just read the quarterly, and am very glad I bailed out 6 mths...

  1. entropylord
    14,199 Posts.
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    04/02/07
    15:03
    Post #: 2164656
    Just read the quarterly, and am very glad I bailed out 6 mths ago.

    Good production for a $70mm coy, sure. But despite the abundance of oil they aren't making money!

    Gas flow negative for the quarter, and for each of the previous 3Q's.

    Since they are not significantly building reserves, and don't offer much reason to believe they will in any serious increments, this hardly looks like a success story. What a dissapointing story.

    EL
    STU Price at posting: 0.0¢ Sentiment: Sell Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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