You are right slow and no excitement but as you say also far less risks then some other plays. Glad you agree with my $2 target within this year. Padulla is a guessing game but Tino is putting a lot of efford in that field. I like the increase of drilling , more oil will not hurt in this high price enviroment.
And last but not least the extra cash at the beginning of the FY with nearly all hedging gone except for those 8000 bo/month @US$26. But it will barely make a dent in the profits if you look at the 800000+ production/ year. What we will see at the end of the hedging is an extra $6 million per year, what was lost before.
So a boring company but it will give you the cash we are all after.
Rather a boring fat Duck then a trendy skinny fowl.
jojo
STU Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
