I will be moving my money out of oil and gas after this. It's generally an awful sector to invest in, you are not only altering the climate and raping the pilliga forest but also sinking a lot of money into depleting assets which get more and more expensive to find.
The smart money is adding sugar to water and marketing it as a lifestyle.
The O&G sector should carry on re-rating and once that's done I will be looking for the next beaten down and depressed area. Where people are telling me the business model is dead - I really like that one.
AWE Price at posting:
73.0¢ Sentiment: Hold Disclosure: Held