How low will this go?, page-20

Agree about the shorts, exactly the same thing happened with SXY (except they have since been able to sell some assets and get a cash injection).

Agree about the production profile, albeit, they have sold some producing assets in the past, which did help steady the balance sheet, but also cut into their production. Also, much of their future production growth, simply is not going to occur in the current climate. The perth Basin is their only true growth asset and even then you have ORG as a willing seller, which means I doubt they would get a good T/O premium right now, but that will change once ORGs % gets snapped up.

I have no doubt they are trying to cut back cost wise, but.. most of their assets are shallow/deep water and simply have to be somewhat expensive. Their 2P is insane right now compared to their MC, but... I guess right now no-one cares.

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