I dont know but I do believe that the SP is definitely undervalued at these prices regardless of the recent capital raising and consequently slight dilution. SXY has only just begun to unlock these oil reserves and unconventional gas ie. we have only just scratched the surface. I think it's fair to say that at the rate of spudding and discovery this company will have a VERY strong cash position within twelve months and will be looking at expansion via acquisitions to increase the foothold in the copper basin. Just like NST a few months back at 62c these are 'not for long' prices. On a trivial note, NST is now 97c. My comparison? Yeah I know gold and oil are chalk and cheese but what I am trying to emphasise is the fickle nature of the market and how I believe that at these prices there is plenty of upside.
Good luck everyone although personally I don't think we need it :)
SXY Price at posting:
64.0¢ Sentiment: Buy Disclosure: Held
