...wow...awe has done well ...100 % in 12 months,,,,,in addition...the "depth"..is encouraging.....yet the drums are very quiet.....
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...wow...awe has done well ...100 % in 12 months,,,,,in addition...the "depth"..is encouraging.....yet the drums are very quiet.....
....and....awe is almost down again 50% in the last 6 months!
Crazy isn't it?
AWE - a brief look:
- 21 mmbo of 2P liquids
- 35 mmboe of 2P gas
- 180 mmboe 2P + 2C resources
- Recently sold 11.25% in BassGas to Toyota for $80m, giving their implied value on the remaining 46.25% of ~$330m.
- Have ADI's stake in Sugarloaf field... 10% (see price appreciation of AUT / EKA since their acquisition of ADI - you would have to say it's been a good one!)
- Arrowsmith-2 Frac coming up
- 43mmbo (yes oil) in their 100% oil project they recently bought in Indonesia...looks to be a highly leveraged play. Looking to get to FID and then farm down...
- BassGass development
- Got a bit of cash too >$100m net.
As well as this, they have a strong core business with 4.7mmboe forecast for FY12 / $270m to $300m revenue.
Market cap: $667m
Percy would be pleased to see that even AWE are bullish on the future...from their latest presentation "AWE is well positioned to benefit from anticipated gas and liquids price growth!"
Disc: Don't have any. But if they get to $1 - I'd buy a lot...
And how often do I have to tell myself that oilies are for trading, not for the longterm portfolio!
(Yes, I still have a few at $1.97.)
:mad ;:
dear mac....how true....however I suspect that once again....when the POO....turns up....AWE may well again be a stellar performer...Im stating the obvious I know ...how bright do you need to be to make money...an important factor obviously is possessing a little patience obviously.
so so true... over the years we have seen countless oilers perform as trading stocks, and to a lesser extent, investing stocks...
It seems very hard for oilers to realise their true values...
and then often the market can hype announcements
but this time... I plan to hold through shale gas ... and i'm well positioned for the upturn
:cool:
.^sc
SC....are you implying that shale gas is suppressing prices/share prices..and that eventually this situation will subside.....or have i read you completely wrong.....cheers anyway...
yep,
you have read it wrong... or I have written it wrong...
I am talking about the sector in general as a trading platform rather than investing...
stocks of yester years were great investing stocks at the time, many were strong revenue earning stocks, or heavily in development... NZO prime example, AWE,, HZN,CUE, AMU 20-> 140->20, BPT done nothing for 6 years, Caltex Australia,ELK , Even the infamous KAR, has fallen from $10 to $4, and went below $3, shedding back profit runs from 2007, LNC a pure example, MEO another,PPP, NXS oh wow, OEL a big laugh, ...
PSA cents to $3, back to cents, STO, TAP TAP TAP, AED
many of these company started out, or grew from a few cents, into $1, 50 cent companies, or rose 10 bagger... and probably every single one of these companies, is on the down and down... many are back to where they started...
so as for investing, it has been very poor in the energy sector, but super strong as a trader...
I am not trading away shale gas...
everything before this suggests I should trade...everything I read, see, suggests I shouldnt...
so far?
I should have traded, esp TTEO...
but, im happy about it,
I'm holding something little bit juicy...
:cool:
.^sc
Well with NWE the focus of many. I'm considering whether AWE is worth a punt.
NWE currently has a market capitalisation of $71m for 28% of EP413...which translates to ruffly $112m for AWE's 44% (crudely assuming that there is no value to any of NWE's other assets).
It is interesting though, AWE doesn't seem to promote Arrowsmith as much as NWE.
I like AWE and one day might park up in them if they are cheap enough and I need a break from researching. A strong, diversified oiler that seems to be able to do good business deals. Oil and gas is a great place to park up into over the long term - everyone needs energy.