Hi everyone,Just to let you know with the PE of stuart, its soo...

Hi everyone,

Just to let you know with the PE of stuart, its soo low that this has become a hidden gem waiting to be discovered...

And why?

Because of the market got tired with Stuart, which had itself hedged out of the profits for too long.
The good news is this is, that this is now the past and Stuart makes currently a profit of around $500000 per week.
Now that not bad, it will be about 25 Million dollars per year (not taken exploration costs in account)
This will give us approximatly 38 cents per share nett earnings.
Give STU a PE of say 7 that becomes 7x38 cents = $2.66

So looking at a low PE of 7 that gives us a share price of more then double todays closing price .
Arguments will come saying they are running out of oil ect., my answer will be look at the 11 wells they are going to drill this FY and we can anticpate that some of these well will replenish resources being it oil or gas or both.

With the current high oil price environment the market has still not re-rated many oil companies and Stuart would probably be one of the safest places to park your money and see it grow.

So be not suprised to see this company cracking the $2 within a couple of months.

jojo