Ann: AWE receives indicative proposal to acquire 100% of AWE, page-45

Will be scaled back proportionally on the basis of number shares applied for. Awe was a bargain below 50 should have gone with my gut and bought on market.
Oil and gas was always going to bounce like any commodity that has barriers to production. Any commodity will eventually return to say 20 per cent above the average cost of production. When a commodity is trading below the average cost of production then those stocks are a buy.
For me that makes lithium stocks a big sell. Price far above cost of production for a highly abundant resource. Lithium batteries highly prone to disruption. May have a year or two before it gets messy.
Since the crash in the oil price there has been an estimated 650 billion in deferred investment which will support oil prices for the next 5 to 10 years. It is unlikely we will see the necessary investment in oil due to a loss of confidence in the future of hydrocarbons and a general aversion for financing of oil and gas projects. The cost of production is increasing with low hanging fruit already plucked and deep see oil the remaining available resource.

Anyway oil and in particularly gas has a long term profitable outlook. Awe sto osh are all buys.