re: for ian
Thanks for your comments Ian ... I won't be buying any HZN ... I would imagine that any net value HZN gets in the next few years will be squandred on 'oil-proof' permits just like the last several thousand leads ther've had LOL. Still I think they may have enough cash to pay there share of Maari development , now that China's gurgled. Not for the faint hearted this one ..
Now AWE is quite the different story :) Virtually NO downside IMO and up side toward $3 imo over the next year with strong medium term growth propects. If you are looking for strong growth with medium risk /limited downside in the energy sector then you cannot ignore AWE and PSA . I especially like the project locations of each ... no potentially unstable 3rd world plays ..
Therefore my portfolio in this sector is:
High Risk HDR / ROC / PPP Med Risk AWE / PSA Low Risk NZO
All the above have the potential to double or more over 12 months . The risk profile is purely my assesment. I dont see value elsewhere in the energy sector atm , but having said that will check out NDO and the others Jocam and Iam mentioned.
Cheers ,
SALTY
AWE Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held