Respect your opinion but I don't see that from where I am sitting. They are interested in both exploring and producing because they have Arrowsmith strategically located. Everything they are doing and saying says to me that they have a long term strategy to dominate the Perth Basin but they would be foolish to ignore the possibility that they may be taken out along the way. I see them hedging their bets against all possibilities. A business like this is never going to be predictable but so far I personally have nothing to criticise in what they have done, nor do I fear that they will sell out cheaply. Whether we like it or not patience is still required here.
TEG Price at posting:
16.0¢ Sentiment: Buy Disclosure: Held
