Yes RFE is being held back and better value everyday. With acres going for $2500 RFE is now land value of their oil leases (mississipian). Cash and gas assets thrown in for free. I bought some last week finally (not at the cost of selling AOK though!)
AOK is trading at above land value of mississippian leases, but at a fair discount to what I assume production will be this quarter if they have drilled as per recent presentations.
Apples and oranges but my rule of thumb is that 1 RFE = 4 AOK. Both equally good value at the moment for the medium to long term investor.
AOK Price at posting:
11.0¢ Sentiment: Buy Disclosure: Held
