HDR economic studies by brokers have been completed using $US30 to $US40 /bbl. Southern Cross has dared to use $50/bbl, which [if any one can recall a few months ago] was regarded as "bonanza" cash flow. Now after oil from Louisana has started to recommence flowing we are still seeing $US 65.60 /bbl, which might ease to $US60 for a while. But looking at even the $US50 estimates, cash flows from March 2006 for HDR before tax are going to be some $A200 million pa ,or 30 cents per share. Still wish to short???
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HDR economic studies by brokers have been completed using $US30...
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