So, let me get this straight. This company has earnings across over 300 wells in the US, so very nicely diversified. It's last half saw revenues of $34m, and net cash flow of $17.5m. It is a low cost producer at $15USBOE. And, it just had a major drilling success, which adds between $8m and $9mA annually to its free cash flow. And it has a market cap of just over $70m. I think you guys are right; this has to be trading at one third or less of its value. [ I just wish I had my 800k AMU shares back, which were purloined via the Opes fiasco]
AMU Price at posting:
35.5¢ Sentiment: Buy Disclosure: Held