Hi MKNOPYes, I also thought the relatively low hedging...

Hi MKNOP

Yes, I also thought the relatively low hedging requirement spoke volumes about the faith of the finance sector in AMU's revenue stream and the longevity of its producing assets.

Gas prices could easily double in the next 3 - 4 months as the northern hemisphere winter looms and that would provide a very nice revenue kicker to add to the recent re-opening of the shut-in wells.

Despite my belief that the oil price is headed on a generally upward trajectory in the months and years to come (due to a supply crunch), there is no denying the potential for that climb to have a few gut-swooping falls; something which banks find deeply unsettling - though they apparently have no aversion to causing them through their own dodgy lending practices! Amadeus was prudent to lock in a bit of stability, even if it reduces their exposure to the dizzy oil prices seen not so long ago. A degree of certainty, that retains plenty of exposure to a potential upside, is a good mix to my way of thinking.

We've had two days of rises but not yet with the accompanying volume that signals a genuine breakout. If it consolidates around these levels and the buy depth strengthens, I'll take it as a very positive sign.

Punters have obviously rediscovered old favourites like ROC, doubling its price in a few short weeks so I see no reason why AMU with its massive cash-flow, ridiculously low PE ration and far more modest debt levels can't go for a similar canter.

Good luck all. DYOR

Gupper