We must be getting close to a bottom in the cooper basin stocks...

We must be getting close to a bottom in the cooper basin stocks dls, bpt, and sxy.

The usd to aud fx rate 1.40, Brent crude 49 usd = $68 aud, these guys aren't going to go broke in the current environment. They have all taken the impairment hits it fy15. I dare to say, fy16 should see some decent profits from this lot. To me this is a prime buying opportunity. The usd/ aud exchange rate will act as a natural hedge, the further china sinks, we can pretty safely say the Aussie dollar will follow. As long as they have no usd denominated debt, like santos. Things are looking pretty rosey!