Well I was way off because I was going by analysts valuations of AOEI before the new arrangements came through with Shell. They were valuing AOEI at 50-75 cents per share and this valuation was supposedly "discounted" due to Shell being able to earn up to 50% in any project they chose.
So if that option has been removed I believe AOEI should be worth a lot more but the market is just not happy right now. I'll just hold and grab new shares in AOEI. For now lets hope for another bid from one of the other majors.
AOE Price at posting:
$5.10 Sentiment: Hold Disclosure: Held
