For those with cash to spend this must be like Xmas has come early.
I can understand why some people would need to sell in these market conditions (eg margin calls etc.) but for those with a bit of nerve and who are not forgetting the underlying facts about NDO everything is still running to plan - albeit a few months late (none of that was NDO's fault).
We are all hurting because of the delays to Galoc but remember these facts about Galoc once it flows for NDO:
Case A: Nido Planning Case
Field Production 17,500 bopd
Nido Share 3,899 bopd
Gross Revenue Nido Share
@ $US80/bbl $312,000/day
@ $US100/bbl $390,000/day
Case B: FPSO capacity
Field Production 25,000 bopd
Nido Share 5,570 bopd
Gross Revenue - Nido Share
@ $US80/bbl $446,000/day
@ $US100/bbl $557,000/day
Oil is hovering around $90/barrel so we are still looking very healthy. Galoc will flow no later than Wednesday next week (most probably before that though). Even if oil prices drop to $60/barrel we are still very in the money.
I dare say our wait is about to be over and the come back will start.
DYOR
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Last
86.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $196.1M |
Open | High | Low | Value | Volume |
88.0¢ | 88.0¢ | 86.0¢ | $29.96K | 34.69K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 15704 | 86.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
90.0¢ | 20000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 15704 | 0.860 |
1 | 55739 | 0.850 |
1 | 4000 | 0.810 |
1 | 62111 | 0.805 |
1 | 40500 | 0.800 |
Price($) | Vol. | No. |
---|---|---|
0.900 | 20000 | 1 |
0.970 | 19999 | 2 |
1.050 | 115000 | 2 |
1.090 | 50989 | 2 |
1.100 | 100000 | 1 |
Last trade - 15.59pm 24/07/2024 (20 minute delay) ? |
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