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Austex Oil Limited - Set To Flourish In The Year Of The Snake

|Includes:AusTex Oil Limited (ATXDF), ATXDY, CHK, RRC, SD

A little company with an unappreciated acreage position in the Mississippi Lime right beside Range and Sandridge.

Appears attractively priced with potential as a takeout target in the medium term:

http://www.gurufocus.com/news/209019/austex-oil-limited--set-to-thrive-in-the-year-of-the-snake

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

Stocks: ATXDF, ATXDY, CHK, SD, RRC