I Am in today
240k units at 42.2. Currently trading at an EV of about 3.30 AUD per 2 p Boe
I know some is undeveloped but it should be at least 5-6 dollars
Will buy more if it goes sub 42c
Won't stay this low medium term
Compare BPT which trades 6 times higher with similar reserves. They should trade higher as they have more oil and more of the reserves are developed but not 6 times higher
AWE Price at posting:
42.0¢ Sentiment: Buy Disclosure: Held