Break out soon, page-11

I think it could double bottom at 69.5 cents but for the sake of a couple of cents why risk missing out.

I did a revised profit forecast for 2014/15 and assuming TAPIS stays at $53 USD and the AUD stays at .81 for the rest of the year I estimate a NPAT of approx $53M which gives it a PE of about 6.5.
As they got $79.9M rev in the first quarter and they have hedged approx 850,000 bbl @ 70USD and 450,000 @ 90 USD things won't be quite as bad this year as some punters think.