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8.45% 6.5¢ bass oil limited

I wouldn't be surprised if the sudden decline in the oil price...

  1. BrentyD
    72 Posts.
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    27/11/18
    15:04
    Post #: 36655741
    I wouldn't be surprised if the sudden decline in the oil price will mean that we will struggle the pay the bills for expansion. I'm imagining the timeline to pay Cooper energy will just be delayed. Hoping that the Meeting on Dec 6 will boost prices. The thing is that we will still be making money on every barrel sold, unlike a lot of the market which is reliant on fracking. The trouble will be getting a line-of-credit in the short term to continue with expansion.
    BAS Price at posting: 0.3¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch.  Great analysis
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