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?
Was listening to the business channel today on Foxtel (602).. a...
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