What levers can an oil company pull in an oil bear market? Is it essentially a matter of lowering capex and cutting contractors/staff? I'd assume selling assets in this kind of environment would have to be at a firesale price.
Not that this is too relevant in the short term, from my understanding BPT is in a pretty strong cash position, am I right?
Oil & Gas for dummies, page-5
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Last
$1.54 |
Change
0.015(0.99%) |
Mkt cap ! $3.501B | |||
| Open | High | Low | Value | Volume |
| $1.51 | $1.55 | $1.50 | $10.73M | 7.023M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 25391 | $1.53 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.54 | 39714 | 3 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| BPT (ASX) Chart |