There was no free cashflow generated, just $1.6m lost - even with low capex.
Is it reasonable to conclude that at an oil price of US$40/bbl SXY is unable to generate cash, or am I missing something? How does it get to $75m of fcf?
Why is SXY failing to sell all its production? Q4-FY20: Production 711kboe, sales 661kboe. Q1-FY21: production 803kboe, sales 724kboe. What happens with this unsold production? Is the company stockpiling in the hope of higher future prices?
SXY Price at posting:
33.5¢ Sentiment: None Disclosure: Held
