SAE 3.45% 14.0¢ salinas energy limited

interesting, page-8

  1. 5,748 Posts.
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    your view should follow the oil-price movement, other than stick on "buy".
    As oil price bounce back a bit, I think current risk is low.

    $40/b,profit margin is $10, 300000*$10= AUD $5 million.
    $50/b,profit margin is $20, 300000*$20= AUD $10 million

    So the risk is low ATM, if the economy starts recovery this year, i believe the oil price will be back to $80/b.
 
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