Yep both gas and oil prices continue to test highs, all good for Amadeus. With the analysts raising their assumptions/forecasts on a regular basis the market is finally coming to terms with sustained high commodity prices and low cost/high margin producers such as AMU should continue benefit from this realisation. Gas is increasingly becoming the main game for AMU and we have another wildcat well progressing as we speak. AMU has had a nice rise off recent lows but still undervalued imo. Recent ABNAMRO valuation at $1 was based on some very conservative assumptions imo and with the Co generating record revenue qtr on qtr the re-rate should continue. Good luck to all patient holders
RD
AMU Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
