AQO has extricated itself from one of its two US Leases. Getting its money back on lower-potential Montana lease. Good.
Could get money back on Colorado lease (+ more), but this lease has much greater chance of being further revalued upwards over the next couple of months, thus making us some more $. So delaying this.
In summary, AQO is dropping out of its US impulse-buys (leases). Good. Makes it cleaner/better as a Cooper investment/asset-play.
Cash costs for quarter low.
Looks like AQO is calling Magnum Hunter's bluff as MH tries to screw AQO down in terms of the final conditions of the deal. Good.
Closing the door on the MH arrangement (if all conditions haven't been met), or allowing for a very short extension only (I hope) is good. This allows AQO to a free hand to complete a deal with a Cooper player while, at the same time, upping the ante on Magnum Hunter to put up quickly (on better terms) or move on.
Cooper stocks are moving up. Look at recent post under SXY on Cooper asset values.
Lets see what this morning brings in terms of another announcement on what is happening with the MH extension (or not) and where to from here.
Wish we were over the line, but not yet. (Sigh.)
AQO Price at posting:
18.5¢ Sentiment: Buy Disclosure: Held
