I think STX is very undervalued.
It is currently drilling in Cooper Basin with BPT (50:50) that could dramatically change things on any success. The drilling started yesterday and there will be a lot of anticipation of good results. STX have around 16000km2 around that area.
There are over 8000 acres in Eagle Ford Shale. The indicative sale in that region, things going well, is between $15k-$30k per acre. That itself values between $120m-$240M.
There are around 1900 acres in Permian Basin which has a huge potential.
Current market cap is only $85M.
There is a large room for growth and it could happen quickly. 2012 could turn out one of the defining moments for STX.
Please DYOR.
-dc1234
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