POO inAUD had worst 4th qtr average for the year but has risen to dizzy heights since mid June. Egypt, US summer demand and the dwindling love for the AUD have been key factors, amongst others.
CUE will report Q4 qtr report before end of July where I suggest we'll see flat revenue but a material growth in cash due to FX and solid cash flows. Timing of lifting is also a factor.
CUE SP has found some good support of late and with a prospective EPS of 6-7 for year just passed, it's no wonder investors are feeling the love.
Suggest we've seen the lows on this stock in Q4 and active E&P news to flow over next 12 months on medium risk activities will keep the SP buoyant, IMHO.
CUE Price at posting:
13.0¢ Sentiment: Buy Disclosure: Held
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