DLS bulls are coming soon?, page-10

Thanks Spec.
Good point about the USD debt and USD currency .
My point why BPT will benefit more is they were unhedged ( other than some small low 45 hedges) whereas this half a fair chunk of DLS production was hedged , so on a relative basis the oil pride benefits them more. Their gas also has oil linked prices so no doubt the value increases with increasing POO

Don't ignore the fact that it is possible this oil rally doesn't last - their is still oversupply and it is possible to have decent rallies only to see the price fall back, has happened in IO , Nickel , even oil at higher levels . I think oil will need to break 57 and hold before we have a confirmed bottom. Its important to keep a balance and also focus on the real number the AUD oil price which although up is up only 55% of the USD price . But the USD weakness has a great timing benefit for DLS Spec - great pick up