With oil just under A$60/b and STU's latest figures showing a $20/b profit for the quarter based on getting about $46/b on their sales, how do you see their next quarterly figures? Are we looking at an extra $15/b profit at these oil prices (that's 75% above the current profit), or are other factors at play?
I know they have some hedging but don't know the details. Do you have any info on hand that might help?
Cheers
Badfish
STU Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
