All I know is I have researched almost every listed oil and gas ASX company and approximately 15-20 US listed oil and gas small to mid cap companies and on every measure such as EV/PDP, EV/Proved, EV/EBITDA, EV/EBITDAX, PE, PDP/Production, Proved/Production and Oil/Gas Ratio for Proved, AMU is at least 50% undervalued and up to 100% on some measures.
As I said before results will look poor because of mark to market hedge, but if you look through this then the company is fundamentally very cheap.
Will take some time and sentiment is not hurting, but very low downside risk and 50-100% upside.
Just my opinion
Monty
All I know is I have researched almost every listed oil and gas...
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