Peeps
i was pondering if today is a good enough reason to buy back
but having read the report
to achieve the current results and payout, the average oil price needs to be $95+ vs $82 today
If Russia do end up with a peace deal, the near term that will cap the spot prices. if it does, then inflation back up and you have a bigger problem
so I wouldn’t rush into it,
but having said that, if you are happy with the yield and they are great. Buy it for that and that only.
but to expect the share price to go up from here will need a few hurdles to go through. It’s probable but difficult.
Ann: Annual Report 2022, page-11
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