No foreign risk All onshore so cheaper They have the 2 basins tied up They are oil prone basins They have no debt They have some $ in the bank They have cash flow coming in They have limited shares on issue / market cap Oil prices must increase The have long life assets Quick tie in times The management team have shown maturity around managing risk and costs of late
On the negative
It is heavy oil so lower price etc, (however they have light oil prospects and the heavy oil is long life) The heavy oil will become costly when they do steam floods in a couple of years
SAE Price at posting:
10.5¢ Sentiment: LT Buy Disclosure: Held
