that raises the question how can this be considering that - 1. part of amu's operations were sold at a considerable profit to book value.? 2. there has been a signifcant ammount of effort in developing wells and bringing them into production.? 3. there has been a significant increase in the price of oil
part explaination would be an increase in the $A exchange rate.
the earnings part is also confusing to me. how can there be a bottom line loss? need someone to explain this. simply.
AMU Price at posting:
21.5¢ Sentiment: None Disclosure: Not Held