Buddy give the company a call and they will explain it to you.
They have a floor of US$70 in place so nothing will be sold under US$70 and they have closed off any hedging that was related to suppressing higher prices therefore they are now able to recieve the higher prices.
If Oil goes to US$100 then that's what they will get as well.
This isn't new info. It's just that the general public don't understand it yet.
VERY inpressive volume so far today. Someone is buying up BIG time.
simple maths, page-11
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Last
$1.54 |
Change
0.015(0.99%) |
Mkt cap ! $3.501B | |||
| Open | High | Low | Value | Volume |
| $1.51 | $1.55 | $1.50 | $10.73M | 7.023M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 25391 | $1.53 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.54 | 39714 | 3 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| BPT (ASX) Chart |