3 things that are going to influence the performance of TAP going forward are:
1. Production
2. Oil Price
3. Currency
Production looks assured for the short-medium term.
Oil Price looks supportive for the short-medium term.
Market expectations are that the USD will strengthen against the AUD on the back of the interest rate differential growing in the short-medium term, which is a positive for not just our revenues but also our cash reserves.
It has been a ride, but there may be some light at the end of the tunnel....
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