Disagree on this - in my view with CXU you get an option on policy change in WA. The most important value driver for shareholders of CXU is changing the policy - so the CEO's job absolutely is to be making noise about this issue on every platform possible. And no one could accuse Fisher of not doing that. At the same time, he seems to be making sure the Company is managing its drill campaign pretty well.
You get the same upside on policy with TOE as well. Of the TOE CEO and the CXU CEO, i know which one i think is doing a better job and has a more proactive strategy at getting the policy change needed. It may be that the TOE shareholders in time will thank him as well; as they get the same value of all the government and community advocacy.
CXU Price at posting:
1.6¢ Sentiment: Hold Disclosure: Not Held
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