You can feel pretty safe buying in/holding at these price as downside is limited given their continuing great results.
The AED experience shared by so many is weighing heavily on this atm - investors need great production from at least two fields and will value the company based on the worst field's production plus cash in the bank!
Bought more again today.
How can this not be a bargain - will people wait until they have 2000bopd at $150/barrel to believe in SAE.
Seems that SAE are currently producing at a PE of about 3 at the moment!
SAE Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
