Glendronach,
If you have only just started researching STX I would say you have a lot of work left to do.
The SCBGP is a complex but enormous resource (dwarfs UIL by a massive amount). It is a completely different play - which I am sure you are aware of.
My only thought would be to do a lot more in depth research before you write off what stx are doing in the Cooper basin.
The management team and consultants are ex-shell and board members include ex-cfo of Santos. They wouldn’t be there if they thought it was a crap play.
Luckily for UIL holders it is now very much derisked. So you get a great deal in my opinion.
Two massive impact wells in two jurisdictions , when UIL wasn’t drilling anything prior. Hence why their share price was languishing I would think.
I would grab it with both hands
IMO
UIL Price at posting:
5.8¢ Sentiment: None Disclosure: Not Held
