WR, Agree on all points.
AOK could justifiably be in the high 20's on fundamentals.
But I wonder how much of this recent spike is AOK and how much is the Iraq situation.
If I was a fund manager, I'd be taking a serious look at low cost, high margin, undervalued oil companies in politically stable countries. Good management, a year on year history of growth, and delivering on promises would also be highly desirable. If you know of such a company, I'd love to hear about it......
And some light reading:
Oil supplies at risk
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Open | High | Low | Value | Volume |
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5 | 20000000 | 0.002 |
4 | 51800500 | 0.001 |
0 | 0 | 0.000 |
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Price($) | Vol. | No. |
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