Given the cash in the bank and 40% rentention of puffin, AED is seriously undervalued compared to market cap - IMO.
Sinopec has either paid too much for its 60% share or the market is under values the puffin field (given AED sp).
The only reason I am still holding off going back into AED is the previous AED claims to proven and probable reserves and daily production rate unless someone can tell me otherwise.
Maybe a con job on sinopec.
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Given the cash in the bank and 40% rentention of puffin, AED is...
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