Wasn't Strachan the guy who was saying that AZZ was technically insolvent last year and unlikely to recover?
I don't think anybody can say with certainty what will happen in the short-term......but in saying that, there doesn't seem to be any shortage of buyers around 27 cents.......I am still trying to pick some up for 25c on market but no cigar?
I guess we will hear about the results from D4571H before FD2?
I have no idea on the timing of these announcements?
Petrohawk sure do have an impressive record of drilling success in recent times. Does anyone know whether the crew AZZ are using have been working on petrohawk wells?
Regards, Whippet
AZZ Price at posting:
27.5¢ Sentiment: Buy Disclosure: Held