Very positive release by AOI! 90% hedged at $66.00 per barrel and no downtime! Also, very smart that they have paid down a chunk of both loans in various ways. Having $70 million plus in cash doesn't hurt either. We also finally heard that the little bridge loan doesn't have to be paid for another year and a half although AOI already paid 20% of it.
Unfortunately, the high potential drilling is shoved aside for now. But, oil prices might hit $100.00 per barrel shortly!
Obviously undervalued, and I have been purchasing! My Coronavirus stocks have exploded!