To put this in perspective TEG is targeting Opex of $35/bl US and I'm assuming currently they are closer to $40/bl
Which means with a Brent Crude Oil price avging
$45/bl their margins are around $5/bl
$50/bl and margins double to $10/bl
$55/bl and margins triple to $15/bl
The more I think about the above the more I realise why the company has said a few times that there's big leverage if the oil price can stabilise above $55/bl
Would basically go from a break even at $40/bl to a cash cow at $55/bl+
TEG Cash flow positive leveraged oil producer, page-2
-
- There are more pages in this discussion • 28 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add TEG (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
2.0¢ |
Change
-0.001(4.76%) |
Mkt cap ! $36.26M | |||
| Open | High | Low | Value | Volume |
| 2.1¢ | 2.1¢ | 2.0¢ | $36.09K | 1.804M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 5508160 | 2.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.1¢ | 4198018 | 8 |
View Market Depth
| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| TEG (ASX) Chart |