Farmer
The comparison is not that simple . Need to look at reserves and future growth. AWE is also cheap , however they still have development and execution risk. ROCs reserves are all producing at a time when Brent in AUD terms is historically high. As you point EV is very low and they have struck a great farm out of two wells with HZN .
Roc is great due to big upside but limited downside , so from a risk adjusted return its a standout
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