i do not get it eka way undervalued, page-12

OGG,

There are a few ways at looking at both EKA and AUT. There is the short term, the medium term, the long term and the very long term.

In the short term and the medium term I back EKA at the prices of the SP today.My reasons:
1. EKA is lagging. Historically it does this on a regular basis. Historically it always catches up.
2. The future has been mapped out clearly for AUT. The same can't be said for EKA. We have no information on new lease areas or possible drilling plans apart from Sugarloaf where they will be the same as for AUT.
3. There is some takeover potential for EKA. I doubt the same applies to AUT, at least to the same extent.
4. EKA are also lagging with news updates so we are due for some news any day and it will probably be news that will give the SP a boost.

Long term; I doubt that EKA will be as aggressive as AUT. Aggressiveness in the oil industry carries with it more risk. Take AWE as an example. Plenty of aggression, plenty of bad results offsetting the good ones. Maybe it will pay off, maybe not.

Very long term; At the age of 78 and with one foot on a slippery slope I don't look that far ahead. The same risk applies as for the long term. "Things" change at such a fast pace now that who knows what will be the case in 20 years time. Oil may be gold, oil may be old hat. My crystal ball shattered a long time ago.

Summary, At today's SP, in my opinion, EKA is a better buy than AUT. AUT is still a good buy and I've not said "good bye" to AUT. On a value basis I am about 50:50. which means I hold almost 6 times the number of EKA to that of AUT.