DLS 0.00% 69.0¢ drillsearch energy limited

End game to the oil rout, page-75

  1. 15,774 Posts.
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    Hi all
    I like DLS and always have . Like it more when brad lingo was CEO
    If someone could help me with a few quick questions , I note they have cash , from memory they also had debt of about 100m , I couldn't find it in last preso
    Also Spec you mentioned hedging - the last preso had hedging of just under 300k barrels at 60 floor - is this it or is the more hedging in place.
    Last year when dls hit 65 I got a report from B lingo which was compiled by Credit Suisse valuing CB players at various oil prices. On current oil price ( assuming this price is a medium term price ) DLS was valued at about 52 c . Now personally I don't believe oil will stay here and I also believe DLS may be taken over but the current SP is reflective of the oil price and view by some that it may stay Low

    I am a likely buyer in the mid 50s , not that I don't think it Cheap now but simply looking for a greater safety margin
 
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