Was listening to the business channel today on Foxtel (602).. a guy from Macquarie Bank was discussing energy stocks and listed Santos and underweight and a big growth stock if PoO returns in the medium time and a solid buy for the long haul. Would you agree SEA is in the same boat with a solid cash holding and credit secured if need be? I draw your attention to the until 2017 $55 PoO contracts hedged they have (around there I believe). If so and SEA heads to below 40c I will be buying back in. Currently I don't hold a heap in SEA at the moment.. my average price is now at 46cents. Wouldn't mind lowering that average to around 40c if it does into the 30c territory...
Thoughts?
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