My logic is that bath STU and COE are substantially undervalued, and will both ease up to close to their old highs of 30c/70c before short-term players take the money and run.
They both got the good news of Worrior@1600 bopd.
COE has the jet pump news.
They both will have very nice quarterlies.
Therefore, they both bump up.
Now, if I buy more STU, I make circa 30% if they go to 80 cents or so.
If COE goes up 25% to 30 cents, then my COEO go to circa 10 cents, representing a greater gain.
But they are both great stocks with very little downside.
Ian Whitchurch
STU Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held