If the oil price stays above $70 (which it most likely will) and BRK continues drilling 4 wells every year, the company will be sitting on a cash pile of >$100m after 3 years.
This cash generation can be expedited and brought forward if they make a sale of their acreage.
A rerate will eventually come but it in all probability it will take some time especially if they go down the path of the well drilling route.
Banter and General Comments .. BRK, page-7305
-
- There are more pages in this discussion • 4,976 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add BRK (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
51.5¢ |
Change
0.065(14.4%) |
Mkt cap ! $49.16M | |||
| Open | High | Low | Value | Volume |
| 44.5¢ | 51.5¢ | 44.5¢ | $124.9K | 265.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 28946 | 50.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 51.5¢ | 1608 | 1 |
View Market Depth
| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| BRK (ASX) Chart |