From Eureka Report AWE Limited (AWE). There is a reasonable...

From Eureka Report

AWE Limited (AWE). There is a reasonable chance that both AGL Energy and Origin will need to either buy or discover gas supplies over the next few years, and AWE has some great reserves that make it an attractive takeover target. AWE has not had much in the way of investor support over the past few years, falling from a high of $4.50 in May 2008 to $1.61 at the close of business today. AWE has some great producing assets, so theres a real possibility that one of these companies will pick up these assets at a great price.

One of the things I really do believe about gas is that it is a classic interim fuel. If we do decide to turn away from coal we will need to source other alternative technologies or turn to nuclear, which is still relatively unpalatable in most parts of the world. Gas is probably going to be the middle ground for the next couple of decades and that bodes well for AWE shareholders.