I might be dreaming, but could a bidding war break out for SXY? It's clearly one of the most eligible O&G plays in Australia right now, and it would be a good fit for a number of suitors.
As for taking STO scrip, I'd be looking for around $1.00 a piece for SXY to help offset the risk of going from an O&G producer with a healthy balance sheet to one that's pretty ordinary (albeit not outright ugly like it was a couple of years back).
I'd also have to seriously contemplate whether it would be less costly to cop a CGT bill than the opportunity cost of keeping all that capital tied up in STO (probably) doing sfa.
SXY Price at posting:
43.5¢ Sentiment: Buy Disclosure: Held
