COP made an across the board decision in 2016 to exit from all deep water interests worldwide to concentrate on cheaper easy access Permian type plays.
Desperate?
Yes Kimbo , very desperate. COP had debt of 28 Billion dollars and an oil price that was no where it needed to be to service that debt . Hence the sell off . I imagine that if they could of sold their tar sands project first for 13 Billion dollars, they may well of kept SNE .
COP was in trouble financially and every dollar they could get, helped stave of the banks.
Its all history and hopefully we can all move forward after the PE decision is made, whichever way it may go.
Big Dump and Capitulation, page-150
-
- There are more pages in this discussion • 193 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 FAR (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
46.5¢ |
Change
-0.005(1.06%) |
Mkt cap ! $42.97M | |||
| Open | High | Low | Value | Volume |
| 47.0¢ | 47.0¢ | 45.5¢ | $31.34K | 67.88K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3338 | 46.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 47.0¢ | 199900 | 2 |
View Market Depth
| Last trade - 15.59pm 13/09/2024 (20 minute delay) ? |
| FAR (ASX) Chart |