53 is a great hole but the issue is the money. A lot of oil companies are under pressure to cut exploration spend during this storm and I while STU is in a good cash flow position to survive, there are question marks about its ability to finance the drilling.
This is probably speculating here but I wouldn't be surprised this sector is the next China makes a move on. They have stocked up on every other commodity - only gotta look at what happened to ROC and TAP today.
STU Price at posting:
42.0¢ Sentiment: ST Buy Disclosure: Held