its time, page-7

Why would AMU's SP suffer when oil comes off.
It suffered as it rose to these heights so obviously the oil price has no relevance here.
Unless evil forces are at work to keep this down.
The cap and collar hedge was trumpeted as a plus way back when.I reckon plenty of these deals were done with small cap oilers a couple of years back by smart bankers.
They are selling into the high price now this oil they are picking up at $90us/barrel...nice profits huh.
Watch the oil price come off as many of these hedges expire.
When oil goes back under $100 as i reckon it will watch the bankers come back with new hedging deals.Probably can throw the gas back in the mix too.
In the end shareholders lose a lions share of the profits AGAIN when oil has another run back to its highs.
I just think you cant trust management here.
I only have a small holding but still have a lot of interest as this is a textbook case as how NOT to run a resource company.
I cant understand the balance sheet and it makes me wonder where all the cash flow is going.
Someone suggested they may buy more tenements..i couldnt believe it,how is that rewarding shareholders.
I wont be buying any more shares and will slowly unload my holding as i see many more oportunities that dont give me heartburn.