According to Adrian Prendergast at Morgans Financial Bauna breakeven OPEX is $27/bbl. Oil closed last night at ~$20/bbl. You can have a view on when Saudis & Russians will make up and also when economies will recover from the current coronavirus inspired market crash but $20/bbl is a sobering price when you are pumping oil out of the ground at a $7/bbl loss!
This deal has to be renegotiated or the logic suggests management should walk away.
I'm new here. Only bought in on Friday. How tight is the register? This is a sitting duck for a vulture fund to buy in and agitate for a capital return.
My thoughts, page-86
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Last
$1.38 |
Change
-0.025(1.79%) |
Mkt cap ! $1.071B | |||
| Open | High | Low | Value | Volume |
| $1.38 | $1.40 | $1.37 | $3.804M | 2.757M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 38853 | $1.38 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.39 | 16869 | 1 |
View Market Depth
| Last trade - 16.10pm 11/11/2024 (20 minute delay) ? |
| KAR (ASX) Chart |