Don't be silly....we may be hedged but the value in ground goes up significantly, imagine JV partners wanting a piece in the #1 jurisdiction at these prices, AM knows
I'll be honest, with existing producing assets, there's been a strange disconnect/unconvinced market for a good year now - I wasn't too interested
But the significant discovery and AM's purchase in combination with the high WTI are worth anything from £3-£10+ - what of that has been priced in....? Absolutely 0
RE: Up - Down - Sideways - next week12 Feb 2022 15:24
Just need something to break 40s and then it's anyones guess how high it goes..... whether thats an RNS, higher WTI, Canada etc, the range is preventing the re-rate not the fundamentals IMO
If you’re concerned about SP, ask yourself why EUA was stuck at 0.30p before moving up to 40p at it’s peak - when the asset is there the market catches on eventually, you just need to be in when it happens
How can you realistically talk about sale price without knowing what the proven reserves are?
Let's say you get £2bn worth....are you really selling for £3? or "will be happy with £1.50?"
The OIP numbers are there, the WTI price is flying, it's in the USA, AM has put some money where is mouth is - best if you run some numbers through rather than pluck random share prices out, you completely under rate the size of find otherwise