As the largest holder obviously there are going to be a lot of capital costs for SXY
Any ideas on when the tipping point is reached ?
I.e. the point at which Oil / Gas production reaches the point where SXY is entirely self funding ?
At the moment it's my opinion that their operations partially cover capital spending but overall farm downs and / or capital raising at a higher SP price will be required.
I think their latest agreements with Origin will solve part of this issue but maybe not 100%
This is a great LT buy stock IMO and if left alone in 10 years time could be a bluechip
SXY Price at posting:
77.7¢ Sentiment: LT Buy Disclosure: Held