Well we're all entittled to our opinions aren't we?
I really hate bots myself, and I can see how they can manipulate the intraday prices, and play the spread, play the stop losses and even trigger margin calls. Really unfair, but with more than due respect, I can not fathom out how their use can relentlessly drive a sp down over weeks, anything more than manually placed orders for the same amount would? And to do it to a while sector. No, that is where I blame the mediabots released periodically by the major Wall Street banks, under the guise of journalism, they drive the stories and sentiment for weeks, even months.
Paranoia is rife on hot copper, and looking in on the ESG threads quiet often I do wish the TOU allowed my to market straight jackets there.
Anyway at $2.4bn mc, AOE is starting to look like a steal to me again. Take out the cash, the imminent Shell cash, the power generation, AOEI, and those 2P and 3P plus the LNG plans start to look pretty attractively priced imho. But then well the IEA has spoken of a gas glut (somewhere), so Qld gas must not just be impaired wrt oil parities, but worthless? Not worth exporting, ie worth less than half the current near oil parity link?
Glad I am sane, EL
AOE Price at posting:
$3.32 Sentiment: LT Buy Disclosure: Held
