There are many things that show AOE is a good buy right now. The QGC takeover by BG shows that Arrow is extremely cheap at current levels. The price SHELL is willing to pay for 30% of Arrows Australian interests along with 10% of international projects and a potential 50% increase also shows the strong growth potential.
This excludes Indian assets..
Just need to wait for the cash to be in the bank now..some investors wont believe it until it actually is in the bank and thats fair enough.
AOE Price at posting:
$1.88 Sentiment: LT Buy Disclosure: Held