Chad, STO and OSH are large companies. Besides AWE, are there...

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persistentone

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06/12/17

08:42

Post #: 29404637
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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.

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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
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Add AWE (ASX) to my watchlist

Chad, STO and OSH are large companies. Besides AWE, are there...

Top Stories

Dale Gillham's weekly wrap: Sigma-Chemist Warehouse merger creates pharma powerhouse

Scientific conference spotlights PYC's work on blindness disease treatment

Panic, paranoia, and gangland politics: HotCopper users react to Dubber's missing $26M

Sales growth pushes Lovisa's fortunes (and shares) upwards

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

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

Week 47 Wrap: HotCopper users' most watched; Brent lifts on Putin's scary letter; RFK dents CSL

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