AZZ antares energy limited

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  1. 370 Posts.
    Angyungjebi,

    Trading the arbitrage opportunity between the Sugarcane JVPs is an interesting one, but the volumes and liquidity are poor and you can easily get caught out.

    I'll watch AUT with interest, I would have thought they will rise more today with a recent roadshow and latest drill update, but alas there seems to be some sandbagging of IP and flow rate announcements - the recent surge in share price now seems to have lost momentum.

    To compare AZZ and the others more accurately we need updated reserve estimates and more flows confirmed across the acreage. Mid year perhaps we will have a much better idea of who has what.

    Trainee,
    in addition to what angy has said, majors love locking in large swathes of low cost producing resources. Eagleford shale is such a beast.

    Majors were late as angyungjebi points out, so they now need to buy their way onto the table.
 
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