"The buccaneering growth of the shale industry was driven by cheap and abundant credit"
I think financiers are going to be more cautious in the next wave of shale development, particularly if they get their a***s kicked big time on the original round of lending. I think it is pretty clear this is SA's objective and I think we can see the present low POO continue for as long as it takes to achieve aforesaid a*** kicking. That is likely to be 12+ months IMO.
Yergin's indication that a price of $50 - 60 will be the "Goldilocks" point seems fairly compelling. That is a lot better than $30 and would be satisfactory to FAR , especially as we prove up 2bbl !!
Fisho
$1.8 trillion reduction in spending, page-4
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Last
49.0¢ |
Change
0.005(1.03%) |
Mkt cap ! $45.28M | |||
| Open | High | Low | Value | Volume |
| 48.5¢ | 49.0¢ | 48.5¢ | $11.35K | 23.29K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 50000 | 49.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 49.5¢ | 30000 | 1 |
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| Last trade - 10.33am 23/07/2024 (20 minute delay) ? |
| FAR (ASX) Chart |