Hi folks:
AZZ is doing a bit better than other OZ oilers right now. The buy back program may be having some effect, but also some supportive market sentiment for their real performance, I think.
As for the weekly update, management didn't hype the Northern Star results much, in my opinion. They did state the derisking effect (which is significant) and placed the Northern Star (Archer16 #1) result at the top of the list.
I can visualize another oiler making this a headline item on its own. Maybe AZZ management are hearing the critique from IcedPaladin and others about over hyping. (To be fair to AZZ mgt about the $1 price issue, my reading is that $1 is AZZ's goal, expectation based on projected valuation, and trigger for mgt bonuses, not a promise or hype.)
Meanwhile, other info in the weekly update ranges from good to mixed. The good includes Aloe Vera 2 actually increased BOPD from 20-day to 30-day result. The so-so is that Cottonwood A1 BOPD fell from 225 to 169 to 126 at 10, 20, and 30 day points, respectively. But overall, AZZ seems to be robustly building the business.
- Forums
- ASX - By Stock
- AZZ
- gottabekidding
gottabekidding, page-11
-
- There are more pages in this discussion • 8 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
CC9
Chariot Corporation (ASX:CC9) refines Black Mountain strategy, launching Pilot Mine to seize U.S. lithium opportunity
LU7
Discover the strong preliminary feasibility of the Bécancour Lithium Refinery, showcasing resilience in a low pricing environment and a strategic plan to capitalize on future price recoveries