ashahriar
Who knows? If not for peak oil motivated long positions and a few Iran based jitters POO would be at maybe $40pbl. POO could go anywhere!
Production exceeds consumption at the moment but longer term production may be well short of demand (don't excuse the pun). Hot money gambles follow drilling rigs and platforms these days and the USD is approaching some interesting times.
AWE has good leases to drill and for this reason alone AWE is a reasonable LT punt IMO.
Cheers
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No advice can remove drilling risks. D.Y.O.R.
is awe a good buy at 2.75, page-2
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