The reason oil producers are getting hammered is the drop in the...

The reason oil producers are getting hammered is the drop in the price of Brent.
I agree that the AUD is protecting us to some extent, as the Cooper players will today receive about AUD$96 per barrel. While not as good as the $120s last years, its still very profitable, much more so than shale producers the world over.

I am surprised that stocks like HZN are holding up so well, considering they are also going to be hurt. The price of oil could easily bounce back in coming months, but whatever occurs, IMHO, the Cooper players are best placed to ride it out. Even perhaps to take advantage of their strong cash positions.

Wish I was buying now instead of a couple of months ago, but thems the breaks. I will add when I can, as sometimes averaging down is good move.