OIl has recovered to $US 60.66/bbl. The impact of an additional $US1.50 per bbl on HDR's pre-tax earnings with its 19.2% share of 17,000 bbls per day is 19.2% X17,000 X 365X $US1.50 divided by 0.75 =$A2.4 million
HDR Price at posting:
0.0¢ Sentiment: None Disclosure: Held