Ann: AWE receives indicative proposal to acquire 100% of AWE, page-59

First 59 Last

Share
Profile

Follow
persistentone

1,486 Posts.

16

06/12/17

08:42

Post #: 29404637
Share

Originally posted by chadshare ↑

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.

Expand

Chad, STO and OSH are large companies. Besides AWE, are there any small caps you like with marketcap under $1B?

AWE Price at posting: 63.0¢ Sentiment: Hold Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

FNX

Aussie Broadband set to kick off share buyback starting Q1 CY2025

ACW

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

There are more pages in this discussion • 6 more messages in this thread...

First 59 Last

Add AWE (ASX) to my watchlist

Ann: AWE receives indicative proposal to acquire 100% of AWE, page-59

Top Stories

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

Aussie Broadband set to kick off share buyback starting Q1 CY2025

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up