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9.09%

6.0¢ byron energy limited

In summary, if the price of oil remains steady Byron is a great...

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cjan

40 Posts.

2

01/07/19

12:26

Post #: 39318589
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Originally posted by stumpytrunks: ↑

I didn't misconstrue your message; I focused on the micro element of your post; which highlighted your lack of understanding of the announcement in the context of the drill. The supposed 'core' was focused on oil price and made some fair points, plus a bit of TA which by naturally ignores fundamental factors. However, the clincher was that it centered around a critical misunderstanding that "Byron's costs are US$15/bbl plus US$30 in transportation....they will not be profitable at $40 oil price". That is an utter fallacy and I'd encourage you to read the quarterly to see how that math doesn't stack up. Whilst BYE would lose value in a poor oil price environment, it would survive profitably for years at minuscule prices due to its low cost operations.

In a nutshell you could've summed your post up by saying that you think the oil price is going to go down and that you don't think BYE is a great investment for that reason. However, your lack of understanding of the company and the recent announcement came across poorly; especially when repeating a non-factual statement relating to production cost.

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In summary, if the price of oil remains steady Byron is a great investment.

BYE Price at posting: 28.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 6.0¢		Change -0.006(9.09%)		Mkt cap ! $64.72M

Open	High	Low	Value	Volume
6.0¢	6.1¢	5.9¢	$15.66K	262.3K

Buyers (Bids)

No.	Vol.	Price($)
1	500000	6.3¢

Sellers (Offers)

Price($)	Vol.	No.
7.0¢	170000	3

View Market Depth

No.	Vol.	Price($)
1	500000	0.063
2	7981	0.060
1	400000	0.056
1	1000000	0.055
1	188999	0.054

Price($)	Vol.	No.
0.070	170000	3
0.074	14000	1
0.075	400000	1
0.079	45000	1
0.080	115625	6

Last trade - 11.20am 29/04/2024 (20 minute delay)

BYE (ASX) Chart