AWE's Fourth Quarter in Line, No Change in Fair Value with AAL Drilling Positive
Our AUD 1.10 per share fair value estimate is unchanged. AWE reported a one-third decline in fiscal 2016 fourth-quarter production to 865,000 barrels of oil equivalent, due to the sale of Sugarloaf, but in line with expectations. On a like-for-like basis, production was steady. Our fiscal 2016 and 2017 net profit after tax, or NPAT, forecasts are little changed at negative AUD 78.1 million and negative AUD 9.1 million, respectively. AWE remains operating and free cash flow positive and ended the...AWE is an independent energy company focused on upstream oil and gas opportunities. Co. has a portfolio of production, development and exploration assets in Australia, New Zealand, and Indonesia. As of June 30 2016, Co. had total proved developed and undeveloped reserves of 44.4 million barrels of oil equivalents, which consisted of 151.9 petajoules of sales gas, 73.4 kilotons of liquefied petroleum gas, 0.9 million barrels of condensate, and 17.4 million barrels of oil.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.