Debt is an issue, on $350M debt we are paying $35M interest = roughly 10%
Because we pay base rate + 800basis point
So if the base rate cuts 100 bp, we only see a $3.5M reduction in interest.
That's definitely not a bad thing, almost enough for a free well! But probably not thaaat material, directly.
I do agree with chris comments regarding indirect benefits - higher consumption / spending = higher demand for oil = higher oil price. I see this side being much more beneficial to us
- Forums
- ASX - By Stock
- SEA
- News: SEA Sundance Energy Australia Ltd Q2 Net Sales Volumes Up 79%
News: SEA Sundance Energy Australia Ltd Q2 Net Sales Volumes Up 79%, page-15
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)