STU 0.00% 94.0¢ stuart petroleum limited

theories on current weakness, page-3

  1. 15,276 Posts.
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    As I see it...

    Firstly...the problem with STU is that when the current drilling is over, people are afraid that there will be nothing comming out of their 'PR' department and thus nothing to drive the price along. Prior to the recent interest, STU daily volumes were a joke...so I wouldn't be surprised if there are a few holders taking the opportunity of current volumes to finally get out.

    Secondly...STU have hit a technical ceiling that was last hit back in April 2002. If it can get through it...perhaps with possitive results from Kiwi-1...it will be in blue sky teritory.

    STU is undervalued and the market will eventually work it out...just don't expect it to be overnight.

    Cheers!

 
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