I like AWE's position going forward. The gas fields are now proven and the real production is coming up later this year. The entire sector is starting a consolidation and buyout phase, so AWE has both intrinsic growth opportunities to expand production, as well as it is a target itself for acquisition for the next few years. They have a low debt position, and thank God they now have a CEO that understands that investments in oil are not their best bet right now. I read all of these posts trying to guess what AWE's share price will be in the next five days, when it is pretty obvious here that this company is going to get bought out in the $1.40 to $2.00 range sometime in the next three years. How about just sit and wait?
Are there other Aussie gas juniors that have these characteristics:
* low debt
* no need for constant capital raisings to fund zero cash flow operations
* focus on natural gas
* proved reserves, not just probable
* incremental investment required to establish production is low. This one is critical since most of these juniors cannot afford to build billion dollar pipelines from the middle of nowhere.
Maybe AWE is the only one?
- Forums
- ASX - By Stock
- Other Aussie Gas Juniors With Upside?
I like AWE's position going forward. The gas fields are now...
-
-
- There are more pages in this discussion • 9 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)