By reigning in their spending, fair to say they're living beyond their means with the current budget if it takes $106 to balance.
So long as they're turning a profit at all, they will keep pumping (how else will they generate income)? How much profit they want is largely irrelevant. Hard to see it moving back to $106, shale oilers will be quick to capitalize on that price range. Nor do I see it hanging around near $30 for too long (e.g. more than a few years).
credit risk capital raising flag, page-48
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Last
$41.19 |
Change
-0.370(0.89%) |
Mkt cap ! $208.8B | |||
| Open | High | Low | Value | Volume |
| $41.38 | $41.53 | $41.15 | $305.6M | 7.403M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 802 | $41.18 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $41.25 | 2000 | 1 |
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| Last trade - 16.10pm 25/07/2024 (20 minute delay) ? |
| BHP (ASX) Chart |