AOK 0.00% 0.3¢ australian oil company limited.

aok --> rfe ??

  1. Dis
    3,741 Posts.
    Its been along time since you could trade 5 AOK shares for one RFE share. Today AOK was trading at 15.5c while RFE was trading at 75c or less.

    They are both excellent companies IMHO. AOK is my prefered ML play and until recently my only exposure. On today's pricing I've rebalanced to hold some more RFE stock. (AOK sold at 15.5, RFE bought at 75).

    I see AOK continuing to move up but the TSX listing will probably then cause a pull back to raise the capital. RFE is in the middle of a cap raise and has already had its pull back. Multiple wells are awaiting completion.

    No crystal ball on whether I've made the right move. Just being pragmatic and using good pricing to not have all my eggs in one basket.
 
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