AMU - Amadeus Energy

[Trader Paul]

Hi folks,

AMU ... hopefully, the two positive time cycles, due this week, will be
enough to give this one another lift off its recent lows .....

have a great weekend

paul



P.S. ..... BOL and BXB may also get a lift from the same
time cycles, this week ... !~!

 

[pointr]

AMU has shown some sputters of life today after informing the market that it has received unsolicited approaches for its US assetts. They have appointed Macquarie to their cause. While not the huge offshore fields any US oil assetts that do not involve offshore drilling may be looking pretty good right now thanks to BP's current crisis

 

[pointr]

AMU continues on a gentle SP climb with increasing price and volume over the past few days. On the fundamental side they are shortly to receive a current independent assessment of their reserves to allow the company to respond appropriately to the aforementioned unsolicted approaches received to buy its assetts.

 

[Knobby22]

Shares suspended.
Finally the offers are in for a takeover.
Hopefully pay day is coming.

 

[pointr]

Yes one would hope a payday is coming. It will probably need to be from an assett sale or takeover, the news of another deep dry hole was quietly slipped in as a non price sensititive announcement a couple of days ago

 

[pointr]

AMU has gone into a volountary suspension to allow it to assess an offer for all of the shares in the company. This follows a sale of some of its assetts and a few weeks of buying back their own shares. The company anticipates a period of around 3 weeks to consider the offer. No I idea what a buyer would value AMU at ??, the markets last opinion was $0.22/share

 

[Knucle]

Everything I read suggests this stock is undervalued. Why won't the prices kick up?

 

[Knobby22]

Everything I read suggests this stock is undervalued. Why won't the prices kick up?

Distrust with management.

 

[Knucle]

Distrust with management.

They seem ok. No rash statements or strategies and apparently prepared to do themselves out of a job if shareholder returns lifted.

 

[Knucle]

I'm expecting a significant lift in share price for AMU, especially if the price of oil nudges up a bit more. Management has produced pretty compelling evidence that they are drastically undervalued and a business that is increasing production inside the USA while oil prices go up and foreign fields are threatened by political instability and while share price is low and has got to be a take-over target for someone in my opinion.

Note that I hold AMU shares and I will profit if you buy lots of them.

 

[oztrades]

Hi
Does anyone know the name of the well AMU sold to GGE? Its supposedly called West Klondike but a google search turns up nothing.

A sonris link would be great.


Thks
Oz

 

[jmoz]

any more opinions on AMU? caught my attention with the ~8% div yield due in a couple of months. have done a bit of research and still seems undervalued, debt levels very low and earnings still looking good. I've been out of direct shares for a couple of years now so there is probably a lot I am missing?