WR, Agree on all points. AOK could justifiably be in the high...

WR, Agree on all points.

AOK could justifiably be in the high 20's on fundamentals.

But I wonder how much of this recent spike is AOK and how much is the Iraq situation.

If I was a fund manager, I'd be taking a serious look at low cost, high margin, undervalued oil companies in politically stable countries.  Good management,  a year on year history of growth, and delivering on promises would also be highly desirable.  If you know of such a company, I'd love to hear about it......





And some light reading:
Oil supplies at risk