re: on the move
not sure but I can only asume upwards. Why I guess the drilling of Hector is approaching but it does seem a bit far out to have this affect. Maybe just over reaction to BEBSP?
Longer term this share should be north of 30 cents once Tui is in production. Their share of production is 3000 BOPD lets say for cash flow purpose they get 25 AUD per barrel. Gives cash flow per share of about 6 cents per share. using 5 multiplier on CF = 30 cents +. ( note that 25 AUD assumes lower oil price than today closer to 55-60 USD)
PPP Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held