Courtney to @billebob888
It's good to see the details of Morgans Research Report.
Based on WTI oil price of US$57.8/barrel for current calendar year and US$65/barrel for next calendar year. Both are lower than current WTI spot price of US$68/barrel.
The capex for next two years will be funded by free operating cashflow, will be in a positive cash flow after capex in 2020 calendar year, that's very positive, imo.
Every $5 per barrel changing in oil price, impacting valuation by 6c per share.
https://my.morgans.com.au/research/...Investment-Watch-April-2018&utm_content=page7
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