Max, I will never be an investor in AKK again until:
1. They provide a Qtrly which clearly shows how much product was produced and sold by each of their projects and at what price
2. They provide a Qtrly which clearly breaks down their expenses (LOE, production taxes, G&A, Finance & Interest Charges) and any hedging for each project. This is the all important cash cost so you can determine operating breakeven
3. They provide a meaningful investor presentation that highlights their FULL CYCLE costs for finding, developing, producing and selling a barrel of oil plus a Capex plan for the next 12 months that actually looks like a plan complete with how it would be funded and what returns should be expected and what contingencies are built into it.
Otherwise, I agree with the Wabbit. It's a trading stock.
I'll continue to post here for a while. I'm a lot more interested in O&G than in AKK.
AKK Price at posting:
5.3¢ Sentiment: None Disclosure: Not Held
