holding on. looks like a bit of a change in the business model? imo would like to see AOW going bigger into an american resource play like Aurora did. Aurora sold for 2 billion, but they had 770 million in debt from drilling or participating as a minority in lots of Eagleford wells, over 24,000 bO per day part of the deal, most of their wells drilled by other American companies and Aurora took on debt to pay for a share of drilling. Hoping AOWs next move is into something low risk and nearly guaranteed that they can leverage debt to grow. Smart enough to knock back offers in the oil market lows. American companies still paying big $/acre in the resource plays in the daily oil and gas news.
AOW Price at posting:
9.6¢ Sentiment: Buy Disclosure: Held
