By reigning in their spending, fair to say they're living beyond their means with the current budget if it takes $106 to balance.
So long as they're turning a profit at all, they will keep pumping (how else will they generate income)? How much profit they want is largely irrelevant. Hard to see it moving back to $106, shale oilers will be quick to capitalize on that price range. Nor do I see it hanging around near $30 for too long (e.g. more than a few years).
credit risk capital raising flag, page-48
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Last
$44.58 |
Change
-0.790(1.74%) |
Mkt cap ! $226.1B | |||
| Open | High | Low | Value | Volume |
| $44.51 | $44.65 | $43.97 | $414.4M | 9.353M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 12 | $44.56 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $44.58 | 8261 | 1 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| BHP (ASX) Chart |