STU 0.00% 94.0¢ stuart petroleum limited

why do people talk of coe and not stu, page-10

  1. 2,834 Posts.
    Tastarga,

    My logic is that bath STU and COE are substantially undervalued, and will both ease up to close to their old highs of 30c/70c before short-term players take the money and run.

    They both got the good news of Worrior@1600 bopd.

    COE has the jet pump news.

    They both will have very nice quarterlies.

    Therefore, they both bump up.

    Now, if I buy more STU, I make circa 30% if they go to 80 cents or so.

    If COE goes up 25% to 30 cents, then my COEO go to circa 10 cents, representing a greater gain.

    But they are both great stocks with very little downside.

    Ian Whitchurch
 
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