AOK 0.00% 0.3¢ australian oil company limited.

oz dollar down ...good or bad?, page-2

  1. Dis
    3,741 Posts.
    Logically it should be good given that sales and assets are in US $.

    However, more important is the oil price which may also decline if economies are weak. Share markets are going up because of ultra low interest rates rather than strong economies.

    Luckily AOK is a high margin producer. Producers with poorer well economics may have a harder time if the oil price drops off....
 
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