Australia's largest stock trading and investment forum Australia's #1 stock forum

TAP

Click for more information

0.00%

7.8¢ tap oil limited

trimilleniad I think you hit it right on the head. Except for...

First 38 Last

Share
Profile

Follow
coopec

2,669 Posts.

08/03/15

00:03

Post #: 14878074
Share

Originally posted by trimilleniad ↑

Interesting theory Sturminator. If this is the case it is a good example of management's remuneration package having unintended consequences - management being incentivised for the upside (for the benefit of the shareholders) but taking risks which end up having the opposite effect.

Regarding the apparent lack of hedging, this is reflective of industry sentiment at that time. I was at a conference in Nov when a smart a.. Irishman got up and suggested oil could see $50 in 2015 and was generally considered to be a have been controversial to be interesting and not taken seriously. The only companies that would have been hedging last year would have been those with a hedge policy as part of their company risk management, which is typically the larger type organisations.

Hindsight is a great thing.

Trim

Expand

trimilleniad

I think you hit it right on the head. Except for people like the Irishman, who saw it coming? There's a few experts on this forum who say Tap should have hedged but they were strangely silent back in October/November 2014.

And as you say "Hindsight is a great thing."

TAP Price at posting: 28.0¢ Sentiment: Hold Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

Chris Judd's Talk Ya Book: Tracking Life360 on a journey to the stars

AL8

From the Floor question: "What is the focus of AL8 and how is management going to attract shareholders to the registry?" | Alderan Resources

FEX

From the Floor question: "When will FEX start using rail to augment & de-risk their haulage solution?" | Fenix Resources

CC9

The USA's dominance requires a domestic lithium supply chain. Chariot stands to benefit

SXG

From the Floor question: "Could gold be manufactured in a lab like diamonds?"

There are more pages in this discussion • 21 more messages in this thread...

First 38 Last

Add TAP (ASX) to my watchlist

SPONSORED BY