I have had a read of the AR and agree the outlook is certainly promising.
However, the $600 million (net of cash ) market cap is up there when looked at in terms of current reserves and production. Then again it has pulled back a long way from earlier in the year and seems to have bottomed so it looks like a good opportunity to buy , but I'm asking myself how much is the company worth ? Even at a much higher market cap, BPT kind of looks better in terms of booked reserves, production and also has huge upside to success with the Cooper shales. RFeading commments on here I get the sense SXY has a lot of growth potential in the near term. Can someone who knows this co. well pl tell me what I could expect SXY to be producing and holding in terms of reserves in say another 24 months (assuming it isn't bought out).
Chrs
SXY Price at posting:
68.0¢ Sentiment: None Disclosure: Held
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