WR, I think its an absolute bargain at these levels (though it may go down further and be even better value!). I have my fill and wont be buying more.
World Oil can't stay at these levels for long (but may go down further before rising). Too many governments will suffer including several members of OPEC. Private companies will need to halt development of marginal leases.. Stripper wells will shut down. Supply and demand.
AOK probably needed a pull back after getting to 29c anyway, so the market correction has magnified the extent of that. I hoped it would have held 19c but not to be.
AOK has always played the long game and I think they will use the market conditions and their strong balance sheet to snap up leases. Horrible time to be caught with your pants down and not have the dry powder to ride the storm - feel very sorry for RFE holders.
AOK Price at posting:
18.5¢ Sentiment: Buy Disclosure: Held
