STU 0.00% 94.0¢ stuart petroleum limited

25pc increase in reserves, page-3

  1. 348 Posts.
    well done mate,what i did a little while ago was make a

    list of all the oilers from the specs up to $2.00 looking

    for value as i already had some inp,so i got onto stu not

    just because they are next to inp,but the parameters all

    came together for me,they were under $1.00 (0.930),paid a

    divvie,drilling & had great potential so grabbed them at

    0.930 believing they were a good punt whilist drilling,

    doubled up on my initial holdings with 66% of it free carry

    profits from elsewhere,watched them smoke it up onto $1.350

    i think,decided to go long term so held onto them &

    recently doubled up again with an average now of 0.940

    which at current support levels is quite ok,i see them

    this year heading on well over the $2.00 mark,i see the

    best buying time is now when there is a slight retrace

    just buy & hold with this one,looks like a solid 2008

    to come...
 
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