guys...
as a rank amateur at this oil spec caper id safely estimate AMU going below .70 at this rate of declone. AMU has taken up a lil more script in ARW, looks like a long tem investment for AMU cos it wont be pumping up ARW s/p or AMU s/p over the short term. We have have to see a turn around in ARW before we see any improvement in AMU. ARW has weighhed down AMU since AMU was over 1.00. Id estimate a sell down at this rate to .60 for AMU.
crude has come up from $49 to about $60 /Bl in the time AMU has gone from 1.00 to todays price od .76
correct me if im wrong. i sold my modest stake a few weeeks back. welcome to read others on AMU and where the price will drop to.
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