Apologies for my vague and slightly facetious comment and for categorising your opinion as naïve as you obviously have experience on the O&G sector. I had a rough morning.
'Soon' I define as in a timeframe of between 3 and 6 months. The price could dip down to below where I have bought also in this timeframe - I have no definite idea where the general market or the price of oil is going.
It is pure speculation on my behalf. I thought the result was fair and management commentary provided some comfort as to the future capex profile and the solutions to their current 'over stretched' balance sheet. I am relying somewhat on various reports I have read on the business also that break up value is worth in the $7 to $9 range per share based on a future price of oil in the $50 to $60 range.
If it does hit my $6 target then I would reconsider my speculative position. Also in the interests of disclosure I have no stop losses in place (will reassess if it gets down to $4) and my position is not debt funded.
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$7.83 |
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Mkt cap ! $25.51B |
Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
57 | 46205 | $7.82 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$7.83 | 42157 | 56 |
View Market Depth
No. | Vol. | Price($) |
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50 | 46183 | 7.820 |
32 | 77233 | 7.810 |
29 | 78178 | 7.800 |
9 | 48499 | 7.790 |
11 | 81675 | 7.780 |
Price($) | Vol. | No. |
---|---|---|
7.830 | 40503 | 57 |
7.840 | 37627 | 22 |
7.850 | 50942 | 18 |
7.860 | 110335 | 13 |
7.870 | 35102 | 14 |
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