In the FY18 conference an analyst said to to ID that Beach had increased their 2P reserves following the Gemba well, so how come SXY didn't need to. ID replied because SXY had already assumed that (i.e. pre Gemba). Of course, it had already been spruiked.
Also, ID mentioned in the conference Beach were drilling 7 wells starting that week (August 21), but have heard nothing further on it (as usual, no accountability).
And now spruiking the reasons for selling. I'm not completely buying into it, as the maths simply doesn't work out.
Its sad that some people are gullible enough to take everything he says on face value.
I was trying to find when he sold in 2014, But can't seem to find the announcement - does anyone know?
Would like to compare how much he sold then, and the share price performance in the next few months
SXY Price at posting:
48.0¢ Sentiment: Hold Disclosure: Held
