Did anyone notice the huge volume of trading in the last 5-10 minutes on Friday? Share price was around $3.04 and then sht up to finish at $3.10 with almost 3 million shares traded.
Cutter is due in another 2 weeks time, so I don't think recent buying has to do with this. Personally, I think that the imminent quarterly report will show significant upside on the cashflow given Bass Gas, Cliff Head etc are now on-line. Furthermore, with the earnings forecast for next year, P/E is only 6 - based on Westpac Aspect research! There is noway that the share price will be at these current levels next year. Even if the share price is doubled - say $6, the P/E would be 12 against an oil sector P/E of 15-16!
Enormous upside in AWE
Appreciate anyone's thoughts.
Cheers.......
Add to My Watchlist
What is My Watchlist?