awe in decline

Good post Hotfire... AWE held well during GFC but your right Production in decline not likely to be any sudden finds the trend is clearly down , im not sure to predict $1.24 as bottom...I would adopt a wait and see.

On todays action I would be a very nervous holder.

I held AWE previously when they were in growth -there are too many uncertainties now with world ecnomy and OIL & GAS consumption may get hit hard with the global slow down.

If DOW continues down with europe then we can expect much lower.
I remember the days when Oil Search plummeted from$4 to 0.60 cents and then 10 yrs later back to $5 so there is hope for long termers if they refuse to look at the price for a while!