So what they should do now is buy more gas with the sale proceeds while its cheap as chips
You only make money from stocks like this if they make a big discovery. Otherwise all the free cash flow goes to reserve replacemnt. Thats how it is. Thats what is going on
In the glory dyas AMU found gas and gas was selling for double its current price. Cash cow. Gas collapsed and so did AMU
Why would anybody be interested in this story now?. It produces the only commodity that is dead in the water. natgas
But I reckon natgas is going to have a monster rally this year and AMU will with it. Its all in the timing, so I will wait another year.
AMU Price at posting:
24.0¢ Sentiment: None Disclosure: Held