I suggest you both listen to the webcast and read the BBY report. Theres a lot of useful information that an objective person would find useful.
as for your view
1/ Rig costs have fallen from $125,000 per day to $75,000 (webcast)
2/ Delays may or may not occur. Delays won't drive costs up but they would defer income. Of course this will be academic by late March/April as we will know if drilling is proceeding to schedule.
3/ Storms again may or may not effect operations. 2005 was nasty with Katrina and Rita, 2006 was totally calm. Met reports say the continued El Nino influence will provide a gentler season than the average.
These after all are the risks of all oilers working in the Gulf of Mexico.
4/. Gas prices always drop between winter and summer and have done so every year of Petsecs operations. I think we can credit them with knowing how to budget cashflow for gas seasonality.
- Forums
- ASX - By Stock
- new broker report. buy recommendation
I suggest you both listen to the webcast and read the BBY...
-
- There are more pages in this discussion • 21 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add PSA (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
CCO
THE CALMER CO INTERNATIONAL LIMITED
Anthony Noble, MD & CEO
Anthony Noble
MD & CEO
Previous Video
Next Video
SPONSORED BY The Market Online