I'm not sure what UBS said but I sold yesterday on the annoying one-off additional costs they seem to always attract. Plus the fact I have no idea if they are going to get the $15m from the counterparty. Plus, I guess they are going into more debt to develop Waitsia. They seem to be good at treading water alot. Great Waitsia work offset by these other things. Am I right in thinking their balance sheet is going to get worse over the course of 2018 before it gets better when re-priced gas contracts start kicking in for its full-year effect...
AWE Price at posting:
51.0¢ Sentiment: Buy Disclosure: Not Held