I think BOE will be just fine in the long run. Converting from a explorer, developer to a producer in a global macro structural change will = cash flow and a healthy balance sheet.
Obviously we don't know what the terms of the contract look like, but in my experience, its always linked to the spot price (up or down) and hedged in a similar way that company's do with currency for products produced offshore.
Technically, the massive double top on the index was a key level to tighten up stops and wait for the exuberance to wash out a little, which is exactly what is happening with momentum.
I think BOE will be just fine in the long run. Converting from a...
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$4.13 |
Change
0.110(2.74%) |
Mkt cap ! $1.688B | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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| Price($) | Vol. | No. |
|---|---|---|
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