BRU

3.66%

7.9¢ buru energy limited

I've been trying to prove US market isn't that HOT but Bru...

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locshare11

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03/10/15

09:56

Post #: 16108816
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Originally posted by speculator101 ↑

Loc, the best oil companies are still making money, albeit they are becoming a very select few.
Companies that have already sunk most of the capex required to produce are the safest right now. Hence why the likes of KAR, even with cash above its market cap is being beaten up, because they have no production and will need to spend every dollar they have.

Without wanting to dilute this thread or cross promote, I think you should look at some of the Cooper Basin stocks (BPT,DLS,SXY,COE) if you want to hold companies that are making money even now (and will continue to do so). BRU for me is a mix, after going through old reports, I am pretty confident that BRU can get its total cost of production down to AUD $30, Ungani crude also gets a premium to Brent (although not sure how much). Also, BRU is covered for $27 million by Mitsubishi as they progressively increase their production. So costs are somewhat covered, I really hold BRU because of its exploration potential.

Without doubt bankruptcies are going to occur on-mass in the U.S , at least for all the companies involved in shale. They all borrowed to get where they are, and whilst interest rates are low on paper, in reality the borrowing costs are increasing while the price being received for oil/gas is very low. I am still surprised that a wave of failures has not occurred yet. Conventional oil and gas is the cheapest to produce, then tight, then shale. BRU has a mix, but for now is focusing on Conventional and Tight.

Oil is up right now, so even with all the market instability, 90+ million barrels of oil are being consumed each day....

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I've been trying to prove US market isn't that HOT but Bru failed to keep up my dream.

Last time NFP was positive but oil was up due to dovish FED. This time NFP is negative and oil is up again.

This is my last post as I'm not interested in Bru anymore. Thanks Spec.

BRU Price at posting: 31.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 7.9¢		Change -0.003(3.66%)		Mkt cap ! $53.03M

Open	High	Low	Value	Volume
8.3¢	8.3¢	7.9¢	$1.195K	14.52K

Buyers (Bids)

No.	Vol.	Price($)
1	99749	7.9¢

Sellers (Offers)

Price($)	Vol.	No.
8.4¢	49000	1

View Market Depth

No.	Vol.	Price($)
1	99749	0.079
4	43914	0.078
1	6700	0.076
5	131333	0.075
1	4000	0.074

Price($)	Vol.	No.
0.084	49000	1
0.085	50000	1
0.087	127000	1
0.089	6236	1
0.090	465966	1

Last trade - 15.59pm 12/07/2024 (20 minute delay)

BRU (ASX) Chart

I've been trying to prove US market isn't that HOT but Bru...

Nanocap Middle Island Resources kicks off Barkly copper-gold drill run – a potential IOCG-style NT project

Week 27 Wrap: ASX hits all time high; CBA shares' two realities; US inflation hits 3% ahead of China plenum

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Immutep reports strong response rate from immunotherapies treating carcinomas

SKS Technologies wins US$90M award to supply power to international hyperscale data centre in Melbourne

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

ASX hits all time high out the gate on Friday trades following bullish US inflation data

Bitcoin investors need to know the risks

Nimy to raise $1.21M to explore 'newsy' WA targets

BHP dips as WA nickel suspended after A$6B hit; losses eased by US CPI and forewarning

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I've been trying to prove US market isn't that HOT but Bru...

Top Stories

Nanocap Middle Island Resources kicks off Barkly copper-gold drill run – a potential IOCG-style NT project

Week 27 Wrap: ASX hits all time high; CBA shares' two realities; US inflation hits 3% ahead of China plenum

Almonty locks in govt agreement for tungsten oxide plant in South Korea

Immutep reports strong response rate from immunotherapies treating carcinomas

SKS Technologies wins US$90M award to supply power to international hyperscale data centre in Melbourne

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

ASX hits all time high out the gate on Friday trades following bullish US inflation data

Bitcoin investors need to know the risks

Nimy to raise $1.21M to explore 'newsy' WA targets

BHP dips as WA nickel suspended after A$6B hit; losses eased by US CPI and forewarning

Featured News

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