Topic: How To Invest

Could you please provide your observations on Aurora Oil & Gas?

Article Excerpt

Aurora Oil & Gas, $2.98, symbol AEF on Toronto (Shares outstanding: 403.7 million; Market cap: $1.2 billion; www.auroraoag.com.au), is an Australia-based company focused on the Eagle Ford shale gas area in southwestern Texas. The company is also listed on the Australian Stock Exchange. Aurora holds 15,600 acres spread out over four areas: Sugarloaf, Longhorn, Ipanema and Excelsior. The company’s production is rising steadily, and its cash flow per share will likely be about $0.11 a share this year. That could double to $0.22 a share next year. Aurora is okay for highly aggressive investors to hold. ..