TSX:STB.DB.A - Post by User
Comment by
BlueCollar51on Feb 18, 2016 11:44am
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Post# 24570852
RE:RE:RE:On the surface the Q2 results look good
RE:RE:RE:On the surface the Q2 results look goodgoldsternp wrote: Something else to think about.
Without the oil field depreciation, earnings would have been 0.07 instead of 0.06. On this basis we could be looking at earnings per share of 0.10 this year or 250% of historical earnings !
The Oil and NG assets were acquired to act as a hedge re Fuel costs.
I have noticed that when a Company strays too far from what they are good at the result is more often than not what they had hoped for.
Now is not the time but if at some time in the not too distant future they can sell the Oil and NG assets for something resembling decent prices they should.
They could then invest the proceeds in what they are actually good at.
As Always; Do Your Own Due Diligence; It’s Your Money !!