Stuart could do with some more oil and has had not too much luck lately. Ofcourse that can change quickly as drilling will start again soon. Stuart sees the gas potential in their tenements as the next step upwards for the company. With the energie prices today we will probably see gas prices getting stronger in the near future. This will be of huge benefit for Stuart once they have enough gas to bring to the market. Australias gas consumers have enjoyed very low prices for their gas but this is likely to change in the future. Remember the Americans pay about 4 times the price what we pay for gas and the Europeans about 6 times. The low price for gas, we in australia pay will not last forever....
Furthermore Stuart enjoys now a much higher nett income from their oil since most of their hedging has come to an end.
They make now more money then COE does and with more drilling to start soon there could be quite a bit of upside in the share price imho.
I am holding STU and aim for the $2 mark.
jojo
STU Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
