Let's not forget DLS and BPT oil sells at a 3-5 premium to Brent so they would be getting around 74 Aud for the unhedged production and more for the hedged production.
The energy sector is due for a recovery and DLS having being punished a lot in last few weeks is due for a good bounce . - short term target of 60-65 is what I would imagine within a couple of weeks
So Goldman's can see oil going to $20, page-30
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