A couple of months ago I said the stock we overpriced at $2.20 without any drilling success and I was abused.
This stock is a dog. No-one in their right mind would take it over as there are no assets attractive to larger companies. The sp will keep heading south until an oil reservoir of Tui proportions is discovered.
Look at the production forecast for 5 years. That will dictate the price.
AWE Price at posting:
$1.57 Sentiment: Sell Disclosure: Not Held