TAP
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0.00% 7.8¢ tap oil limited

Agree with you guys. I'm assuming Manora contracts are written...

  1. coopec
    2,669 Posts.
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    29/01/15
    18:22
    Post #: 14661814
    Agree with you guys.

    I'm assuming Manora contracts are written in USD and oil is now trading at 49 USD/barrel. Since June 2014 the AUD has fallen from $A0.95c to one USD. to 78.62c to one USD. So one barrel now is worth 49 X 95 /78.62 = $A59. In June last year we would have been getting (say) 100 USD/barrel or
    100 USD X 100/95 = $A105/barrel. Despite the fact that oil has more than halved, for Australia, it has dropped 40%.
    TAP Price at posting: 38.0¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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