Debt is an issue, hence why the shorts have gravitated to AWE.
But I think it is offsetted by the growing production profile. I like the gas component.
I also think that the lower it goes, then it could likely be a takeover target for the gas, with the bonus of oil, which could be of use or spun off into another entity or sold off when POO recovers.
Let's hope they show prudence in their cash expenditure.
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How low will this go?, page-18
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