Woodgnome,
That is trus, but the A$ price has now fallen to about $80 so this will no doubt impact. Obviously the onerous tax regime in Thailand means they have somewhat of a hedge, but production costs are still low and still making good money.
Still with Wall St. doing the tank again, lets hope she can hold the 25 cents mark. Suppose that it does not really matter short term as I am in for the long term, but it is kind of depressing looking at your ever shrinking portfolio.
oil under us$50, page-4
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