Excellent jocam, cannot fault you anywhere here expect to emphysise that once this war is over, and it should be quickly, i expect the US markets to rise sharply.
This will be partly due to the relief of war fears and the confirmation of lower oil prices. This upturn in the market should bring buyers back, hopefully in quality oil specs, although probably mostly in other sectors.
AWE, has said it would be earning A$35M a year for about 10 years from BassGass ... if AWE did drift to 60c, i think i'll give up analysing companies! :)
I don't expect ARQ to go to the markets, they have a draw down facility. Yes, lower oil prices and a rising A$ will hurt ARQ but I think they'll be finding more fields within the next 6 months, which is far more important ... i hope! :)
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