It can't be the case that AED is more leveraged to the oil price than NWE.
If the oil price jumps x%, then NWE's royalty jumps x%, and AED's profit jumps xy% where y is the gross margin % on the oil. (ie poo - extraction costs). ie, y < 1.
NWE starting to seriously lag AED now. Look at the 6 month charts. NWE due for a significant step up. May coincide with the first royalty cheque. No doubt there'll be an announcement for that.
h.
- Forums
- ASX - By Stock
- NWE
- left in the yard
left in the yard, page-4
-
- There are more pages in this discussion • 9 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)