haha - ill wait to hear it. TBH regardless of a view on the oil price, why go for a company that spends 1.5 times for every barrel it produces at $50/barrel. This goes up to nearly 2:1 at $40 oil. There are plenty of better bets. EG : TAP produces for circa $40/bbl all in company costs. The leverage here isn't great to a recovery with a best case scenario of 50%-%100 upside vs 100% downside. Compare that to TAP whose valuation double every time the oil price goes up $10, and is cash flow positive down to $20/bbl due to gas contracts?
Obviously just my views - take them for what they're worth, I've been wrong before.
haha - ill wait to hear it. TBH regardless of a view on the oil...
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Last
$7.67 |
Change
-0.070(0.90%) |
Mkt cap ! $24.91B | |||
| Open | High | Low | Value | Volume |
| $7.81 | $7.82 | $7.65 | $57.14M | 7.425M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 22722 | $7.67 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.69 | 11730 | 4 |
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| Last trade - 16.10pm 15/08/2024 (20 minute delay) ? |
| STO (ASX) Chart |