RE:Why afe is down? I think the current pricing is based on the private placement costs related to the related party transaction with Soden, AOI, and the two Lundin enterprises. The current price seems to extend to the 1.4B shares outstanding, so the question is: to what extent is 10% of that block worth. Here's my thought, which is real simple: if the block was worth market cap of $290M at 4.9% ownership, then it's got to be worth close to
double at 10%, no?
i don't disagree with you when you said it was overpriced in the beginning, almost
speculative for oil.