Rexsh
The margin on BPT oil is very large so oil production will never be unprofitable - even during GFC they were making 30 dollars margins . Also oil is produced progressively so unless oil went to 30 dollars and stayed there for 10 years again - no issue . I agree profitability or overall revenue may fall but I don't think there is much risk of their oil reserves being unprofitable
As for the gas - most of gas reserves ( 40mboe 2 equiv ) 232 pets joules are been negotiated now with a view of locking in through a GSA and oil linked price with a floor - achieving that would eliminate the risk of their gas been unprofitable
Lastly - the LNG projects are short gas in a big way - most of their production has already been bought so they need the gas lock in their margins - high demand = higher prices
Even in this environment BPT collects over 100 per barrel
some calculations on lng value to bpt, page-10
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Last
$1.24 |
Change
0.003(0.20%) |
Mkt cap ! $2.828B | |||
| Open | High | Low | Value | Volume |
| $1.25 | $1.25 | $1.24 | $182.3K | 146.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 27591 | $1.24 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.25 | 26684 | 14 |
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| Last trade - 10.30am 15/11/2024 (20 minute delay) ? |
| BPT (ASX) Chart |