An earlier comment made good sense; if production is out for three months, all that happens is that cash flow is delayed. With oil price moving higher, may not be all that bad. A few months ago, two year futures were trading $6 over spot. There would have been justification for any oil producer shutting down production and deferring cash flow (and selling fwd); There are of course banking requirements if they have debt to repay but the important things to note is that the oil is still there ready to be produced when things return to normal
- Forums
- ASX - By Stock
- broker phoning insto clients to sell
AZA
anzon australia limited
An earlier comment made good sense; if production is out for...
-
- There are more pages in this discussion • 13 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AZA (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
BM8
BATTERY AGE MINERALS LTD
Nigel Broomham, CEO
Nigel Broomham
CEO
Previous Video
Next Video
SPONSORED BY The Market Online