RE:RE:Crunching some numbersWell the one difference I see between AOI and AFE is AOI already went through the euphoric discovery phase and made the discovery, and AFE hasn't been there yet. The market loves the "Idea" of a discovery, whether its there or not. After the discovery has been made, the speculators move on and reality usually sets in creating a downdraft in the share price until the mine is built or in this case with AOI the pipeline is built.
A good example of this is NVO, it was sitting at a billion dollar mkt cap before the recent sell-off in hopes they have a multi million oz high grade discovery, but a company like CNL already has high grade multi million oz discovery and was trading for almost half of NVO at the time.
Right now AFE has to deal with the headwinds of oil being so hated and underowned but WTI just crossed over 60 and brent almost hit 67 yesterday. If prices continue higher through 2018 AFE could do very well on speculation alone imo