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16.5¢ sundance energy australia limited

Well we getting close to my $7.00 Below 1.5m had traded Right...

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tt2000

4,682 Posts.

1231

09/06/20

00:05

Post #: 45100104
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Originally posted by tt2000 ↑

It's official and confirmed

OPEC have agreed to extend cuts into July

In May not all OPEC members were in compliance (and we still got to $40 oil)

The members not in compliance have agreed to increase compliance

The members not in compliance will make extra reductions in future months

That Saudi and Russia have backflipped on their feud, tells me they cannot survive oil price sub $40 and are desperate for this recovery to continue.

I think we will see $45 this week, pushing up to $50 very soon (and it appears that OPEC are happy).

I think the big unknown is car substitution from public transport - if this happens, as mentioned, oil could very possibly overshoot that equilibrium price.

I think we will have a cracking week this week, and surely Eric signs our debt deal. This could unshackle us to $7 - $10 hopefully.

A toast to the survivors. Drink with me!

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Well we getting close to my $7.00

Below 1.5m had traded

Right now 2m has traded in addition to the 1.5m the past 2 nights.

So 3.5m traded out of 7m shares on offer.

I sense something is up. It had to give really, given how "undervalued" we were!

Now let's get to our PV10 value of $48 before whoever it is takes us over. I really hope not a takeover
SEA Price at posting: 16.5¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

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