AusTex Oil Ltd (ASX: AOK) is an Exploration and Production company that is focused on the development of oil and gas leases in the USA. The company produces oil and gas in Oklahoma and Kansas. AOK holds interests in ~26,000 net acres of oil and gas leases, including producing acreage in the... More
Monday, Jan 134:20 PM
Monday, Jan 134:20 PM| Comment!
- Underfollowed AusTex Oil (ATXDY) closes the day with an 18% gain.
- The shares are up some 28.5% since SA Pro contributor Josh Young penned a bullish piece on the company last week.
- According to Young, the company's shares "trade at a large discount to its proved reserve value [and] to comparable companies on a production valuation basis."
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