Amer is cash cow22 May 2018 08:55
An operations update was very positive and three new wells are due to spud by the end of June, yielding an additional 26 million barrels. The ‘new’, much-delayed pipeline is up to expectations in reducing transport costs to $4 per barrel. Oil is now being sold at over $70 and costs $15 to produce – that’s a very high margin producing terrific cash flow, but still the board is not trusted and the shares nowhere near match apparent value.