BRU

2.50%

7.8¢ buru energy limited

Ann: Weekly Drilling Report - Victory 1, page-27

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locshare11

800 Posts.

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03/10/15

09:56

Post #: 16108816
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Originally posted by speculator101 ↑

Loc, the best oil companies are still making money, albeit they are becoming a very select few.
Companies that have already sunk most of the capex required to produce are the safest right now. Hence why the likes of KAR, even with cash above its market cap is being beaten up, because they have no production and will need to spend every dollar they have.

Without wanting to dilute this thread or cross promote, I think you should look at some of the Cooper Basin stocks (BPT,DLS,SXY,COE) if you want to hold companies that are making money even now (and will continue to do so). BRU for me is a mix, after going through old reports, I am pretty confident that BRU can get its total cost of production down to AUD $30, Ungani crude also gets a premium to Brent (although not sure how much). Also, BRU is covered for $27 million by Mitsubishi as they progressively increase their production. So costs are somewhat covered, I really hold BRU because of its exploration potential.

Without doubt bankruptcies are going to occur on-mass in the U.S , at least for all the companies involved in shale. They all borrowed to get where they are, and whilst interest rates are low on paper, in reality the borrowing costs are increasing while the price being received for oil/gas is very low. I am still surprised that a wave of failures has not occurred yet. Conventional oil and gas is the cheapest to produce, then tight, then shale. BRU has a mix, but for now is focusing on Conventional and Tight.

Oil is up right now, so even with all the market instability, 90+ million barrels of oil are being consumed each day....

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I've been trying to prove US market isn't that HOT but Bru failed to keep up my dream.

Last time NFP was positive but oil was up due to dovish FED. This time NFP is negative and oil is up again.

This is my last post as I'm not interested in Bru anymore. Thanks Spec.

BRU Price at posting: 31.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 7.8¢		Change -0.002(2.50%)		Mkt cap ! $52.36M

Open	High	Low	Value	Volume
8.0¢	8.0¢	7.8¢	$1.992K	25.29K

Buyers (Bids)

No.	Vol.	Price($)
1	100000	7.7¢

Sellers (Offers)

Price($)	Vol.	No.
8.0¢	42995	2

View Market Depth

No.	Vol.	Price($)
1	100000	0.077
2	11000	0.076
4	165816	0.075
1	10000	0.074
1	10000	0.072

Price($)	Vol.	No.
0.080	42995	2
0.084	73555	1
0.085	7999	3
0.086	9898	1
0.087	163369	3

Last trade - 14.53pm 13/09/2024 (20 minute delay)

BRU (ASX) Chart

Ann: Weekly Drilling Report - Victory 1, page-27

Antipa divests its Citadel interest to JV partner Rio for A$17M, refocuses on Minyari Dome

Mako sniffs gold at 170 g/t at Cote d’Ivoire's Napié play

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Medallion Metals kicking off 15,000m drill run at Ravensthorpe gold play

Utah authorities sign off on Anson's lithium extraction plans at Green River

Olam Agri raises Namoi takeover offer to 75 cents a share and receives shareholder backing

Enova Mining unveils "high-grade" REE drill hits at Coda North, Brazil

Dale Gillham's weekly wrap: US fracking support boosts outlook for Australian gas stocks

Metals Australia kicking off plant study at Lac Carheil; Canadian tariff tailwind potential

Vulcan appoints investment bank and M&A veteran to board

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Ann: Weekly Drilling Report - Victory 1, page-27

Top Stories

Antipa divests its Citadel interest to JV partner Rio for A$17M, refocuses on Minyari Dome

Mako sniffs gold at 170 g/t at Cote d’Ivoire's Napié play

Week 37 Wrap: HotCopper likes Cuban oil; markets shrug debate off for Putin; firebrand quant says social media a market threat

Medallion Metals kicking off 15,000m drill run at Ravensthorpe gold play

Utah authorities sign off on Anson's lithium extraction plans at Green River

Olam Agri raises Namoi takeover offer to 75 cents a share and receives shareholder backing

Enova Mining unveils "high-grade" REE drill hits at Coda North, Brazil

Dale Gillham's weekly wrap: US fracking support boosts outlook for Australian gas stocks

Metals Australia kicking off plant study at Lac Carheil; Canadian tariff tailwind potential

Vulcan appoints investment bank and M&A veteran to board

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News