Please bear in mind that I thought these were a screaming buy when they fell to 50p back in May! But my view remains the same, more so, in fact, at today's price. The pipeline should be a straightforward project from a technical point of view and it will be transformational for Amerisur when it comes on-line. Still a while until that happens but they have got the plans ready, which is a good start.
I have held this one for 18 months now. My feeling is that this share is way under valued at this level. I think investors take far too much notice of high PE ratios, which mean very little on exploration companies in the early production phases.
One look at the fundamentals and a PEG ratio for 2013 of 0.1 is compelling, as is fully funded development needs for this year and the next.
Obviously the usual small private investor shunning of AIM shares comes into play here as does bearish sentiment generally towards oil prices now that the ‘Middle East’ has avoided lighting the blue touch paper.
The 6 month figures recently released will also not have included the impact of the farmer’s strike blockade, as this only happened in the second half, but nonetheless I would be amazed if this time next year this share was not worth 70 to 80p.
Hoping for some movement here this week, looking for positive news as the oil comes back online and the transport issues are eased. Hopefully more spuds to come but how will they manage the glut of oil? What a problem to have, now if my other oilies can produce just 1% of AMER's production I will be a rich man. Ah well , this time next year.
thanks for post ,looking share price now going to rise again ,may have been some profit taking ,now that some of the profit takers have sold may now start to move up again , hope you do well with your shares a t b
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