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$4.60 senex energy limited

MD on SKY Business tonight Cash costs $31-$32 bbl all in incl...

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11/12/14

00:14

Post #: 14442103
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Originally posted by JCoure ↑

Bit predictable these sell-side calls. BofA SP would rise if a POO collapse given its banking book, low SP, sanctions fines in US & lack of wholesale bank (Merrills mostly cut away). Citi as the oil sheikh's bank would sing +ve POO tune for House of Saudi geopolitical interests. Saudi seems to b big downramper of POO by glutting market with oil. Goldilocks price is nearly here (US shale oil supply sentiment gone, global consumers (ex-Aus)have been stimulated & majority of Sunni OPEC members supported by Saudi will survive & prosper).

If POO reaches $50, that is so far from the Goldilocks price, OPEC will end with Saudi & greater majority of OPEC members enutralised. Consumers will reign supreme but it's only a dream, no reality. Saudi's game is to disrupt high cost producing coys IMHO but DYOR.

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MD on SKY Business tonight

Cash costs $31-$32 bbl
all in incl royalties and G&A UNDER $50

still getting $80bbl

and they control their expenditure.

Looks a really good buy down here with an attractive 1-2 year return likely when oil comes back....and it WILL.

Bought BPT today.

SXY Price at posting: 24.0¢ Sentiment: Buy Disclosure: Not Held
4 Upvote

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