Barney Bpt not participating means DLS views it may be...

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  1. 15,774 Posts.
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    Barney
    Bpt not participating means DLS views it may be commercial and bPT does not . DLS agrees to case and suspend the well, the cost of which DLS pays for .
    As for DLS being the pick of the bunch , after a lot of research on all CB producers I would have to agree . The key is DLS reserves are all at the producing stage or near production . More importantly , a lot of the DLS reserves classified as cash are actually condensate which means their value is equal to oil .
    Bpt and DLS have also spent 10s of Millions to ensure Oil can be delivered cheaply along them to produce at 25 dollars per barrel which saves them approximately 10 dollars per barrel and also prevents cash flow interruptions from bad weather . Amazingly DLS presents the best risk adjusted value in both a low and high price environment . With low oil prices - DLS is the only company that can fund capex without dipping into cash , and in a higher profs environment , DLS cash flows increase the most
    As for the oil price , I am assuming it stays low when I do my valuations but I believe it will settle around 75-80 medium term
 
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$1.23
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3 124006 $1.23
 

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$1.24 2605 1
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Last trade - 16.10pm 29/11/2024 (20 minute delay) ?
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