re: Ann: Report for Quarter Ended 31 December... bought in today at an avarage of 50.6
The report is a good one. it has good reserves, good productive assets and will reduce spend in line with market conditions, thus protecting free cash flow.
It has the reserves to be attractive for takeover. I think it has been oversold and although I dont expect a big re rating soon a move to the mid 50s low 60s is very likely in the near term.
Having some hedging is also a plus
Ann: Report for Quarter Ended 31 December 2008 , page-12
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
