re: yep have been in paper loss in amu for 7 month
when everything else is running.. why sit in a stationary stock? (check out some of the biotechs.. and great companies at that!)
Up til now thats been a fair call.
With ARW set to go thru $2 shortly, POO $72, three pronged drilling program finally underway AMU will finally rejoin the movers. Over the last 2 months a wholsale fund (that lost it's mandate) has been dribbling them out sub $1. Once that finished 2 weeks ago AMU went straight back to $1.15. Yesterdays drilling disapointed a few impatient traders who duly sold. silly thing is next week grapeland hits depth, lavaca 1 st well progress's, 2nd rig at lavaca due shortly so as to allow two wells running concurently and the gas hedge is pulling in money from the bankers.
As indicated b4 one analyst has a target of $2 on this thing. If they hit anything on the gross tete (the third arm of the drilling program) even that will be cheap.
the time to slip out of this was 4 months ago (and into ARW) now the time is ripe to get back in.
Patience will definitely be rewarded.
do your own research etc.
AMU Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
