Crowman, yesterday’s announcement was just yet another reason to buy and hold Swiftel. I doubt very much that news of the STEP contract was factored in beforehand, because it came quite out of the blue. It has been fundamentals that have been driving the Swiftel price forward.
In my view the reason Swiftel is doing a bit of work around current prices is because they represent a sort of nodal point at which old blood is being replenished by an infusion of new. This will always happen and is quite healthy. All the conspiracy theories are hooey.
Swiftel has legs to go MUCH further over time. You would do better to ignore the day to day noise and instead focus on the bigger picture - as I am happy to observe our good Doc appears finally to be doing.
