The outlook for 2021/22 is ok but not great.
The downside for me is the high CAPEX $900M-$1.1B
The lower production forecast of 21-23 MMboe is also quite a significant drop but what makes it a bigger hit is that the mix of oil drops from 31% in 2020/21 to 20% in 2021/22
As oil is far more profitable this reduced oil % hits profits by around $90M
Production costs also forecast to increase by around $2 per boe
Based on mid point forecasts I see 2021/22 EBITDA between $800M-$900M
I also see net cash generated to be negative $230M - $300M excluding dividend payments.
Clearly there will not be an increase in dividends.
I sold
The outlook for 2021/22 is ok but not great. The downside for me...
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Last
$1.14 |
Change
-0.015(1.30%) |
Mkt cap ! $2.589B | |||
| Open | High | Low | Value | Volume |
| $1.17 | $1.17 | $1.13 | $8.276M | 7.253M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 178931 | $1.13 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.14 | 130300 | 2 |
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| Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
| BPT (ASX) Chart |