re: looks oversold I feel AZA has definitly been oversold.
Ofcourse they have only one project so far and have done quite some de-risking by getting in a partner to take 50% for a good price.
They have hedged some of their oil and taken a 17% stake in Nexus.
Cutter is a bit of a gamble but if it comes in then again it has been a de-risking excercise.
Just keep in mind if this sell down is all about de sole risk of the BGM project , then can you imagine how AZA will shoot up once this project delivers.......
In this high oil price enviroment around 30000 bod is not something to ignore.
Imho AZA is sold down too much and if I did not have soo much already I would top up once again.
jojo
AZA
anzon australia limited
