estseon, The flows are good and very liquids rich as you point...

estseon,

The flows are good and very liquids rich as you point out.

TXN seems to be off the radar, it has been a while since I have seen a substantial holder notice from a fund.... according to the AGM presentation the top 20 hold just 30% of the company, relatively little I compare to other companies. I would have thought with all the cap raisings we would have a fund or two heading over 5%. In fact the only notice I seem to find is from Seitel who have reduced their holding!

Anyhow excellent pick up on the comparison to an AUT / Hilcorp well. AUT type flows haven't been factored in at all into current valuations... TXN is looking cheap.


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DYOR not investment advice