SAE
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3.45% 14.0¢ salinas energy limited

Glazeb, are you for real?They only just started production. The...

  1. Pedro01
    228 Posts.
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    10/01/08
    16:14
    Post #: 3231641
    Glazeb, are you for real?

    They only just started production. The nature of the business is you have to invest upfront and the payback comes in a revenue stream as the oil is extracted and sold.

    Two positives I'm taking from today's announcement:
    - US$55 operating margin is excellent
    - Moment of truth for NY is soon (next week sometime?)
    SAE Price at posting: 0.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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