AWE on the Move

[JBmurc]

Got a few AWE shares today .... analyst value 80c+ ....46.5c looks mightly cheap with forward production profile looking solid >> If oil price can break past the sideway trading range .....one could see AWE trend towards Valuation>>

stockanalysis --
In other developments, AWE finally looks set to break up from a 3-year slump that has
coincided with a period of oil price weakness. A move above 50 cents would signal a rise to
the 89-94 cent range. Results from testing at the Waitsia gas project, along with corporate
moves on the AAL oilfield may prove to be a catalyst in September.

[troyvdh]

giday fool....a few months back a Norwegian bank...bought more than a few...just saying.

disc...5000

[Schrodinger]

Strong feeling they will up the offer and it is also a lowball feeler. AWE will be higher than $1 once the new reserves start to generate cash. If they upped to $1.10-$1.20 now I might be interested.

[Schrodinger]

Nope bought a few years back and probably will sit the new raise out. Also overweight in oil =)

What is the price?

[troyvdh]

G fool...are you indicating that the opportunity to participate in the 50 cent offer....is over

[Schrodinger]

Still too low. Long term worth more than $2. Up the offer to $1.20 + then we talk =P

edit: Now the offer is $0.80 and climbing.

edit: Its from another player Mineral Resources. Need to read the announcements more!

Looks good for a bidding war.

[Ninefingers]

Board recommending the MIN offer. Would have preferred holding out for longer. Pitchforks are out over at HotCopper. I'm hoping there is something better waiting in the wings.

[troyvdh]

I agree ....fingers.Sadly events will occur beyond shareholders say so.

[fish]

I agree ....fingers.Sadly events will occur beyond shareholders say so.

Took my eye of the ball on this one-now 86cents-and I was too distracted and stopped looking at AWE sometime ago

[Ninefingers]

Anyone still holding this? With 3 weeks until the close of the 95c Mitsui offer I'm not sure if it is worth waiting any longer for another offer to show up.