I’d rather be unhedged any day. If I’m going to buy/hold an oil producer, I want to be exposed to the full upside of the POO.
The hedging forced on KAR by the RBL was really costing it and the bond issue means it’s gone. It was a no brainer. The market can be as clever as it likes, it’s wrong.
If I was cautious on POO, I would buy something else.
Why am I bullish on POO (OK, I know, I’m always bullish on POO) No, but why am I really bullish on POO? Precisely because rates are only heading one way - down. That’s why I’m bullish on POO.
I’d rather be unhedged any day. If I’m going to buy/hold an oil...
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Last
$1.37 |
Change
-0.005(0.36%) |
Mkt cap ! $1.067B | |||
| Open | High | Low | Value | Volume |
| $1.38 | $1.38 | $1.35 | $3.505M | 2.562M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 157718 | $1.37 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.38 | 29411 | 1 |
View Market Depth
| Last trade - 16.10pm 12/11/2024 (20 minute delay) ? |
| KAR (ASX) Chart |