Shrewd Crude,
I refer you to a previous post of mine where I mulled that, at 5 mmboe, the share price, under circumstances outlined, could be worth as much as $4.66 to a trader such as Itochu Corporation who bought BPT's “Proved and Probable” oil reserves at a price of A$31.54/barrel in the Basker and Manta fields in the Gippsland Basin(GMB)being the end value to Itochu with the then current Tapis price of crude being A$135 (currently A$140).
The sp $4.66 was the potential end value of the purchased oil if TDO sold to the likes of Itochu with a share price for TDO at 34% being $1-59.
This is, of course, a totally different approach by the giant, cashed up, trading house Itochu.
Inevitably junior oilers keep drilling for oil/gas with no thought of a dividend to shareholders except through the potential gain in sp.
A trading company approach is buy/sell and give their shareholders a dividend.
So, TDO could sell their 2P reserves in WSH, the Directors and staff could retain their positions and shareholders could gain.
Cheers,
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Last
7.8¢ |
Change
-0.006(7.14%) |
Mkt cap ! $25.85M |
Open | High | Low | Value | Volume |
8.3¢ | 8.3¢ | 7.8¢ | $6.296K | 78.94K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 1063012 | 7.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
8.4¢ | 75000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 1063012 | 0.078 |
1 | 65000 | 0.077 |
2 | 140694 | 0.076 |
4 | 66803 | 0.075 |
1 | 30769 | 0.065 |
Price($) | Vol. | No. |
---|---|---|
0.085 | 247500 | 2 |
0.086 | 83966 | 1 |
0.087 | 180517 | 3 |
0.088 | 90000 | 1 |
0.090 | 90000 | 1 |
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