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.
Those selling out below 25c aren't taking into account that STX...
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20.0¢ |
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Mkt cap ! $572.1M | |||
| Open | High | Low | Value | Volume |
| 19.5¢ | 20.0¢ | 19.0¢ | $1.339M | 6.792M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 23 | 674181 | 19.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.0¢ | 741329 | 6 |
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