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
DLS Price at posting:
60.5¢ Sentiment: Buy Disclosure: Not Held