Just to give you an idea of how bad things are in the Oil Market, I was told by an engineer that the cash flow for the Jubilee field has been tight and may have come with in two weeks of that project falling over. The outlook is now better and they are banking on TEN coming online which will greatly boost their cash flow.
The above information was provided in a response to whether the engineer had concerns about his job. I believed the Jubilee field was a low cost producer and pretty safe, goes to prove you should never assume things.
So Tony I'm with you regarding the V or J curve
All third hand knowledge and just a little bit better than being told by your taxi driver so
DYOR and IMHO
Zip
Just to give you an idea of how bad things are in the Oil...
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Last
50.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $46.66M | |||
| Open | High | Low | Value | Volume |
| 51.5¢ | 51.5¢ | 50.5¢ | $97.33K | 190.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 26752 | 50.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 52.0¢ | 109917 | 4 |
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| Last trade - 15.45pm 02/08/2024 (20 minute delay) ? |
| FAR (ASX) Chart |