You short term gas anlysis is on the ball imo, but the medium to long term outlook is much better.
In terms of saying AZZ is much better then the others , I agree its different, but not necesarilly head and shoulders above them.
AZZ is much further along the development curve and have more production but are sitting at 3-5 times the mcap of those others. So yes its likely more derisked, because its further along the company development curve, but imo its temporarily plataued and growth will now begin to taper.
The others are much younger in terms of production and mcap and thus some of them (namely (AUT, ADI, EKA) are about to go through that rapid growth phase up to a market cap similar or beyond AZZ. Especially AUt which is free carried for 10 wells in 2010.
I agree imo AZZ is a great investment with a lot of potential and is de risked somewhat, but its short term growth is unlikely to meet the 3 jvp that are in a jv with hilcorp.
Just my thoughts and opinions, DYOR.
AZZ Price at posting:
68.5¢ Sentiment: Buy Disclosure: Not Held
