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rollacoaster

5,719 Posts.

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14/03/20

19:41

Post #: 43496296
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Originally posted by said_smitty ↑

Amazing value around I crunched some numbers based on the forecast and an average of $38 a barrel (estimate yearly average) and we should still
make a profit, takes us roughly $12-$13 to produce a barrel then you have exploration and capital expenses. I’m guessing they may cut some costs somewhere along the track to keep the profits neat and tidy... we are well hedged and have 1.1b USD to play with given things go sideways further and that’s from cash and undrawn loan facilities, Debt is linked to the PNG LNG plant! Hopefully we can produce on the high end this year and hit 29m barrels! We are well hedged we have nothing to worry about at all just a bit of fear and well done for whoever decided to invest in the last few days! Good luck everyone

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Could you elaborate on the 'we are well hedged' comment?
I havent been able to find any hedging by OSH

OSH Price at posting: $3.48 Sentiment: Hold Disclosure: Held
2 Upvote

0 Great analysis

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