STX 2.17% 22.5¢ strike energy limited

Cris,You made me Chuckle ...I think you need to substitute the...

  1. 1,676 Posts.
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    Cris,
    You made me Chuckle ...I think you need to substitute the ... past ... for next 13 years.

    We are in a sideways channel formation. Stuck there until a catalyst event ... like WE2 Reserve Statement OR Positive JAWS progress.

    We ... I am at least thankful this hasn't broken down below the support line of 22c

    IMO, it isn't going anywhere near or above 29c until we get an event.

    STX would serve themselves well if they;
    1. Did a Merger with WGO , then
    2. Brought in a JV partner to help develop the WE2 permit (someone like Wesfarmers and stayed away from BPT)
    3. Whilst STX went off and concentrated on exploring the rest of the Perth Basin , and try to get JAWS Producing.

    Its worth hanging around for a further 3 to 6 months to see if any of these events play out.
    Last edited by Elliot5: 08/11/19
 
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