I agree with Nursery. I think AUT will grow from here on the back of consistent flows and successful frac jobs.
EKA is the more interesting one. I understand that there has been some solid buying by one of the big banks and the company is not sure on who's behalf this buying has been done. I think that either AWE or AUT will have a go at EKA in the next couple of months. I reckon AUT will be the first bidder frankly. As a result EKA represents a fair punt in the short term. I regard EKA getting swallowed as an inevitability.
When is the reserve recalculation due? July I think.
Agentm is on the ball and I wish he was in AUT and EKA at the moment.
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Last
$2.74 |
Change
-0.050(1.79%) |
Mkt cap ! $882.0M | |||
| Open | High | Low | Value | Volume |
| $2.79 | $2.80 | $2.74 | $682.4K | 246.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 13103 | $2.74 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.75 | 17277 | 25 |
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