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35.5¢ warrego energy limited

hello is that you Auto

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mir911

2,012 Posts.

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28/04/21

17:12

Post #: 52788893
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Originally posted by Autosime: ↑

sorry folks.
it is 2 b vs 1 b you are correct or 680m market cap vs 214m
despite my banging on about relative value I wish STX every success . If not for my holding in StX , I wouldn’t have come across WGO
Aa for WGOs opportunity for growth - I think that is best done when WE is flowing gas and making money , WGO will have many opportunities to use cash flow for growth . As I have mentioned before, growth in and of it itself is only good if dilution is not greater per share than value added. I think WGO management are going a great job, locked away a solid GSA , got a gas balancing agreement and going down the joint gas processing route. By not pursuing aggressive growth now , they are also keeping the value of WE per share intacted
STX approach is more aggressive and may be more rewarding but it also comes with more risk . I see a future where all shareholders may be rewarded . I simply have a preference for the more conservative approach but nothing wrong with STX go hard and go early mantra

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hello is that you Auto

WGO Price at posting: 23.5¢ Sentiment: None Disclosure: Held
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