All the downward price pressure we are seeing in AMEP, that is not related to the general oil & NG decline, will be reversed to the upside when AMEP announces the results of the current activities. This will validate their ability to deliver on the assets they have which will cause people to look forward.
The one thing that I picked up on, when I visited the company late last year, is they would protect their downside. This can be seen, most definitely, in having no debt. They have been through the bust of the prior oil swings and know that banks take no prisoners.
One thing for sure is that there is some seasoning here, some experience. I may not like some of the things they do, but they have been around the block.
