Interesting doing some comparisons between AUT and AZZ from the last quarter:
net oil production last quarter AZZ 225 bo/d AUT 200 bo/d
net gas production AZZ 814 Mcf/d AUT 1200 Mcf/d
present Mcap per acre AZZ $4342/acre AUT $34133/acre
I realise AUT should be trading at a premium to AZZ, however eight times is stretching things a bit, especially since they wont be receiving any cash from operations till the december quarter.
AZZ Price at posting:
38.0¢ Sentiment: Buy Disclosure: Held