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Bullant

1,664 Posts.

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18/02/16

16:40

Post #: 17056416
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Originally posted by Bullant ↑

HKP as you understand the current POO, you should understand that high cost production in the north sea doesn't work right now. and with the feeling of oil capping at $60 (shale production cost), I suspect any production cost close to this figure is not saleable. Cairn are in the unfortunate position right now, to keep funding this and keep funding at a potential loose making oil price. As you probably know sometimes you have to sell winners to keep the losers afloat! Cairns share price has tracked better due to Senegal agree, but also their is a feeling the Indian govt could turn favorable. We can agree on 1 thing, Senegal is very exciting. Although these oil companies burn cash fast, lines of credit for high cost production doesn't last and the sad fact is they only have 1 interesting asset in this current oil environment (and that's what we agree on at least).

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And BTW, Cairn having to sell part of the Senegal asset means 1 thing.....they have to open up the data room. so I think its in our best interest to see Cairn having to do this. it means no more tight hole policy! be careful what you wish for.

FAR Price at posting: 7.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 48.5¢		Change -0.005(1.02%)		Mkt cap ! $44.81M

Open	High	Low	Value	Volume
48.5¢	48.5¢	48.5¢	$4.85K	10K

Buyers (Bids)

No.	Vol.	Price($)
1	31741	48.5¢

Sellers (Offers)

Price($)	Vol.	No.
49.5¢	1786	1

View Market Depth

No.	Vol.	Price($)
1	31741	0.485
3	17999	0.480
1	10000	0.475
3	107553	0.470
1	50000	0.465

Price($)	Vol.	No.
0.495	1786	1
0.500	15000	1
0.510	25000	1
0.520	326386	5
0.530	101005	2

Last trade - 10.04am 07/10/2024 (20 minute delay)

FAR (ASX) Chart