For the love of money!! The FTSE is heading to 6,000 if it hits it we are in for oil in the $70s AFREN will not make any money and you will have to decide on the book value against what could be a serious correction for a long period of time. The warning signs have been for months if not a year!
Given AFR's exposure in Kurdistan and Africa, this analysis from Seeking Alpha is a Must Read. It includes many oil producers from these regions (Gulf Keystone, Gulfsands, Eland Oil, Mart Resources etc.) and Latin America:
Are you actually going to provide any figures this time as I did the last time you tried to spin this line.
Firstly breakeven point is in the low $50's. Secondly, they hedge their production so these hedges will be being activated to protect margins. They definitely do not have a breakeven in the $80's. Where do you even get this? Have you read any of their financial reports or understand what their cost base is?
My guess is no, and you are shorting the shares. Usually the case when you have someone stating the same thing, and not providing any detail when challenged.
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