Jay Snodgrass
Long/short equity, oil & gas, special situations

Austex Is 'AOK'

Every once in a while "special situation" investment opportunities arise that can prove lucrative for investors willing to roll up their sleeves and do some homework. In this article I dissect an opportunity for both retail and institutional investors alike in nano cap exploration and production (E&P) company AusTex Oil Limited (OTCQX:ATXDY). My goal is to share a current trading opportunity and also provide some insight so investors can find additional similar opportunities on their own.

AusTex is an Australian domiciled E&P company with a primary listing on the ASX exchange (ASX:(AOK)) and secondary listings including a 50:1 ADR (ATXDY, each ATXDY share = 50 ASX: AOK shares) and a so-called compliance listing in Canada (TSXV:(ATO)). The company...

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