AOK 0.00% 0.3¢ australian oil company limited.

Ann: Record production of 42,892 BOE for December, page-23

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  1. 6,312 Posts.
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    re: Ann: Record production of 42,892 BOE for ... Arrhh Sharks (my pirate growl),

    One of my favorite measurements - don't forget of course that a subtle adjustment needs to be made for 70% oil so a little adjustment there.

    That's the current point in time valuation. Look back for the TTM avg and now look forward for the FTM projection.

    You may well be right - real short term on the gap filling - I see a Fibo 61.8% at about 14.5 to clear as well as we over the BB upper limit.

    Also the double top at about 16.5 to contend with. Despite all that I'm thinking breakout on the descending triangle rules short term and seeing a longer term ascending triangle forming.

    With the strong fundamentals of steadily increasing production (barring issues) and revenue with lots of "record" news to release this one looks strong to me.

    Any buy in that gap is a good one.

    Cheers.
 
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