Seems they are cash raising and selling assets.......seems every oiler is doing one or the other.......so many large oiler have gone down the pathway of selling assets...or cash raising......
Seems they think that POO is not going to get any better and are shoreing up there cash for some hard times...
Because Origin sold NZ recently and got around $1.4 billion thought they were fine....cashed up.....but there recent announcement said the need cash.............
So if Sto..Bpt...Origin...are saying they will sell Cooper assets.....
Who is cashed up and in a position to buy..?
Dyor
DLS Price at posting:
50.0¢ Sentiment: Hold Disclosure: Held