Five Of The Fastest Growing E&P Companies 5) Austex Oil (OTCQX:ATXDY)
Austex Oil is unlike the above four stocks mentioned because it primarily trades on the Australian stock exchange using the ticker AOK AU. It also trades in the US on the OTCQX exchange using the ticker ATXDY. Austex is actually the fastest growing company of these five, projecting growth of ~300% in 2014 after achieving unbelievable 500% growth from the start of 2012 to the end of 2013.
Interestingly, despite being the fastest growing, it also trades at the lowest multiple of its proved reserve value, likely because of its foreign listing, despite having entirely US assets, in the Mississippi Lime play in Kay County, Oklahoma. Austex trades for 1/3 of the value of its most recently reported proved reserves. Yes, that is 1/3 not, 3x (or 10x+ like Gulfport...). Austex also trades at ~3x its 2014 EBITDA (based on company projections), which is a lower multiple even than Triangle, and less than half the multiple GPOR, FANG and MHR trade at. Not surprisingly, I own shares of Austex Oil. Here is a link to an article that discusses Austex in more detail (link).
And so we are told this is the golden age
And gold is the reason for the wars we wage U2
