agree that POO seems to have formed a base, opec cuts dont seem...

agree that POO seems to have formed a base, opec cuts dont seem to have had much of an effect as yet, although they perhaps have added some stability. My understanding is that these production cuts can take some time to 'filter' down to the real world. Much has been said about demand declines but IMO once demand begins to pick up there could well be a supply squeeze as the effects of many exploration programs being shut down or scaled back begins to bite.

Could soon be time for a round of consolidation in the O & G sector as the smaller outfits struggle to survive and many bigger fish sitting on large cash holdings.
would like to see a lowball offer lobbed at AMU, something that the board and shareholders can comfortably reject, may just help shed a little light on this undervalued producer.