STU 0.00% 94.0¢ stuart petroleum limited

The rotation of the hedge book into put options is top shelf...

  1. 5,867 Posts.
    The rotation of the hedge book into put options is top shelf stuff-cheap and you keep the upside.
    15 wells next financial year-looks like we have to be holders for some time to come.

    Level of disclosure is first rate-a good example for its peers to follow!

    See what gives tomorrow on current hole!

    If it performs to the max ,worth around 30 cents to STU-take off ten cents for the market run up in the last week or two ahead of the drilling, should see $1.20 plus if wet wet wet!

    Cheers,TAS
 
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