STU 0.00% 94.0¢ stuart petroleum limited

Tas,I'm still in STU out of loyalty. I first got in at 52c and...

  1. 1,987 Posts.
    Tas,

    I'm still in STU out of loyalty. I first got in at 52c and everything I have now is free carried, so it can fall to 1c and I'll still be ahead.

    In the mean time it has also paid for the last three terms of school fees for the boy, the full year fees for the girl, my first tranche allocation in NT Oil, my NDO purchase at 3c and a little bit of my Merlin money.

    It's been a long, inevitable climb to current levels and I've only been out once (got out at 77c, missed the first run up to 98c but got back in when it retraced to 75c). Had I been a chartist rather than a fundamentalist, I might have been in and out a dozen times, but really it has been an obvious buy for about 12 months now.

    If Arwon comes in I'll be very happy, but if it doesn't I still reckon they're worth just north of a buck (although a duster will probably see the inevitable over-correction and it might fall back to 80c). After that we have Beeville, Jezabeel and Doriemus so I'm going to hold no matter what happens.

    Best of luck to STU holders

    Cheers

    Badfish
 
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