• Hedging supports near-term liquidity position• 516,235 barrels of oil equivalent production hedged at an average price of A$92/bbl for the 18 month period ending 30 June 2021
Oil operating costs down 5%to $27/bbl
Not sure But thinkthink this is AUD
If so with Brent crude at 50USD we are still making a profit and from memory a lot of our gas is contracted at $8 gj.
So Senex should be able to ride out the down turn but SP never follows logic.
If the sp keeps tumbling it becomes harder to convince your self to buy more even when the voices in your head are telling you they are a bargain.
DYOR good luck to all long term holders.
