Firstly, Hellyeah got hit on the head by a beach ball when the DLS deal was stewing, got disorientated & is down at DLS & other pennyfarthings like STX & AAR.
The oil price is up $3.50 because of the hurricane season start & this coincides with BPTs after market announcement of market update.
Well they've managed to write off $64m & still have a NPAT of between 1 to 2.5 cents a share for full year.
They have $140m in bank also.
Egypt oil is just about to start producing & that will dwarf their Aussie production.
Shale gas will start moving again shortly, now the area is drying out.
Shale gas does not have as many problems as CSG & may well be a surprise packet over the next 12 moths.
I think they will give a 1 to 1.5 cent dividend this half.
I think they will dip into the bank account a fraction to make that possible.
The report reads well & the SP has been marshalling for a while.
We could well ride to the dollar & hang there for a while.
all aboard-the train to beachland is leaving
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$1.49 |
Change
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Mkt cap ! $3.399B | |||
| Open | High | Low | Value | Volume |
| $1.48 | $1.51 | $1.47 | $9.879M | 6.634M |
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| No. | Vol. | Price($) |
|---|---|---|
| 7 | 119980 | $1.49 |
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| Price($) | Vol. | No. |
|---|---|---|
| $1.50 | 67389 | 1 |
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