I think a bettter AWE comparion is not the banking sector in the GFC but the Gold sectror two and half years ago or IO stocks 12 -18 months ago, when the entire industries were is out f favour, and one could find some gems tgat appreciated 50-100% within a fe months, someties 200-300%. I like to buy stocks with limited downside and a safe entry that can acheive 30-50% within 12 months. Awe fits into the perfectly as 30% from these levels is only 53c. Given it traded at 52.5c only a few weeks ago 53-55c is not too hard a task IMO. a TO that could result in 60c-65c is ot out of the question
Now if i were BPT, with the marklet focus being on acquition of ORG assets, wouldnt it be clever to blind side the market and swoop on AWE with cash and debt facility and maybe a small equity component. By doing so they could cement themseleves as a premier gas and oil producer and double reserves
AWE Price at posting:
41.8¢ Sentiment: Buy Disclosure: Held