Fair point with large shareholder, i am not really serious about takeover and even Coe suggested too hard with the one substantial shareholder
Ronstieb, I am actually bullish on the fuel business, I am sure the stats at least on paper would stack up for STU to pursue this in a period of such high oil prices - a bit of diversification aint bad. Is the MD of STU as approachable as MS?
In reagrd to your point in times of there is time to accumulate, I tend to agree, I am not in a rush(although i did get a little excited on Friday) and its illiquid nature will force me to take my time. I will try and average a 1$ or less entry
Have STU indicated the likely actvity in CB this year. With their current cash flow rates(positive)and their reliance on worrior I would love to see a 4-6 well program
STU Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held