I have a large holding but I'm not a pro. My understanding is that Cooper's sell their oil on the basis of the daily spot price per barrel which is quoted in US dollars. But their weekly expenses within Australia are in Aussie dollars, so a weaking Aussie dollar is not necessarily a bad thing. Weakening dollar means your income goes up and your expenses stay the same. Feel free to let me know if I'm wrong. Hard to know what sentiment to put on this post. "Hold" or "Buy"
Coopers cost for a barrel of Oil?, page-7
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