"They SHOULD be looking to create competitive, international, tension for all the assets (sorry Black but selling Browse alone makes no commercial sense to me) in one bloc."
I am sure thy are Jt -but as profit eloquently stated their currency is under siege from someone and there has to be questions as to why that is the case?
If i may, selling the Browse lock stock and barrel and focusing on their biggest play makes a lot of sense to me...Oil gets to market a lot quicker we have assets far in excess of Browse value - Peru will give us another insight as to just how big very shortly.
As i hypothesized take 2 billion ad it to cash from JV's( no need to raise again - famous last words)
1 billion in cash will cover us for Brazil and Peru ...pay shareholders back 500 million and move to where cash, production and dividends are far greater and a lot closer.
As happydayz?? said regardless of Grace etc we are miles unders.. is it simply 'cyclical' or a more sinister rational?
a bit of solid info, page-89
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Last
$1.88 |
Change
-0.055(2.84%) |
Mkt cap ! $1.509B | |||
| Open | High | Low | Value | Volume |
| $1.88 | $1.88 | $1.84 | $16.72M | 8.961M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 271337 | $1.88 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.88 | 56082 | 6 |
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| Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
| KAR (ASX) Chart |