Lately the oil price has gone up in US$ against a falling A$ dollar, the best of both worlds. Troy is considered a good CEO with a strong Woodside background. TAP has simply been battered by the market with strong cashflow expected to arrive in coming years. TAP also looks very undervalued and is trading on a forward pe of around 3-4 depending on the broker. A number of brokers have become very keen on this stock of late (Macquarie, Hartleys and UBS to name just 3).
TAP Price at posting:
52.0¢ Sentiment: Buy Disclosure: Held
