Can't see SXY in the mix and my understanding seven didn't own any. Coe would make more sense due to gas exposure .
Sxy oil reserves are the highest cost of the three and as I said before they production rates are a lot lower requiring more development drilling and lower value on a DCF calculation
Even though one may look at the SXY oil price. And think it is cheap if one looks at value per 2 p oil barrel , level of hedging and free carry , infrastrcture and Opex , or cash flow vs market cap DLS is far cheaper
DLS Price at posting:
49.5¢ Sentiment: Buy Disclosure: Held
