Not really worthy of a response but just in case anyone is actually following the discussion....I don't give a hoot about AZZ - but you apparently do. I care about LNR and representation of facts.
Let me entertain you further then.
You write "thanks to the rail option, several Permian Basin producers (primarily the BIG ones) receive the SAME PRICING like the Eagle Ford producers. Not ALL Permian Basin producers receive WTI Midland. "
I'll respond with - it is NOT THE SAME PRICING. You're comparing an index. I care about the Operating Netback to the producer. The rail option is an option only if you have the volume and the differential in cost is less than the premium received to deliver to that point - so St James say instead of Midland.
Look into companies such as KMP and PAA and you might learn somethings. KMP sees shipping oil using Jones Act tankers as an option.
Maybe this chart will help you maybe not - but you probably knew it already....
Have a nice day.
What AZZ acquisition offer means for LONESTAR RESOURCES, page-8
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Change
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Mkt cap ! $7.330M | |||
| Open | High | Low | Value | Volume |
| 0.2¢ | 0.3¢ | 0.2¢ | $3.91K | 1.352M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 1323804 | 0.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.4¢ | 23649539 | 33 |
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| Last trade - 13.58pm 08/11/2024 (20 minute delay) ? |
| LNR (ASX) Chart |