I assumed 5.6m bbl annually x $40 margin ($65 spot - $25 AISC) / 0.8 (USD-AUD) = $280m AUD. He did state less $45m Petronas payment. Royalties also to be deducted but still pretty healthy. Each additional $5 in oil price worth ~ $28m USD / $35m AUD and all cream.
Have I missed something?
Morgan Stanley Reiterate Buy / 100% upside, page-153
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Last
$1.48 |
Change
0.025(1.72%) |
Mkt cap ! $1.172B | |||
| Open | High | Low | Value | Volume |
| $1.48 | $1.49 | $1.46 | $4.698M | 3.195M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 7026 | $1.47 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.49 | 24874 | 3 |
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| Last trade - 16.10pm 17/09/2024 (20 minute delay) ? |
| KAR (ASX) Chart |