Those selling out below 25c aren't taking into account that STX has a very active drilling schedule during Q3 & 4 in 2007.
They have identified multiple (approx 30 odd) 50 - 250 BCF targets in the US where they are in a JV with COI, that will be drilled within the next 6 - 9 months.
Plenty of upside left even if Rayburn isn't a company maker strike.
I still have faith in both STX & COI (hold both), & see this stock as a junior oil/gas play for the patient, kinda like NWE.
The value is there, just needs time & one good drill to highlight it to the market.
My short term target price is 35 - 40c, & see the current shareprice as having a large margin of safety.
Am hanging in there for the rest of the 2007 drilling campaign.
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Last
23.0¢ |
Change
0.020(9.52%) |
Mkt cap ! $659.0M |
Open | High | Low | Value | Volume |
21.5¢ | 23.0¢ | 20.8¢ | $2.859M | 12.94M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 226888 | 22.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
23.0¢ | 4366669 | 32 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 226888 | 0.225 |
5 | 380000 | 0.220 |
8 | 878892 | 0.215 |
14 | 1340308 | 0.210 |
31 | 1224333 | 0.205 |
Price($) | Vol. | No. |
---|---|---|
0.230 | 3809669 | 31 |
0.235 | 738380 | 17 |
0.240 | 1313046 | 16 |
0.245 | 678188 | 14 |
0.250 | 2059188 | 27 |
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