Club Mulgoa

Wednesday, June 12, 2013

SXY, BPT, COE, STO, BKP, NWE, AWE...

This is such a sexy stock yet yesterday, I picked up a small parcel to top up my holding.  Why people are selling at such a low bid price amazes me.  If the stock has been producing bad news after bad news, then I can understand.  The market is awashed with rumours of big O&G companies wanted a bite of the Australian shale gas/oil industry.  While many resource stocks of mine have gone into the penny dreadful category, those in Cooper Basin are still holding out well relatively.  STO has been listed as a takeover candidate since the SA state government liberated it on the stockmarket in the mid-2000s.  I am still waiting!

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