What a timing now that Stuart is basically unhedged the oil price is once again going back to all time hights. Stuart should be pumping close to 1 million barrels this year and there will be lots of money coming in. With the discovery of new oil pools that are easily being connected to excisting infrastructure we can expect the party to continue.
Lets hope that one of these oil pools will come in on the big site as the rewards will be huge with only a small amount of shares on issue.
In times of uncertainty in the middle east I start to like my cooper basin junior oil producers even more.
Eventually what counts is the money in the bank and with these high oil prices an unhedged junior like Stuart can not go wrong. I can see some good re-ratings following if the high oil prices are staying with us. A spike to US$100 could well be closer to us then many of us think possible.
For my cooper juniors time will tell and in the meantime I will not sell.
jojo
STU Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
