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Bp.or.not
10% rises are immaterial here
This oil co will be exiting 2021 with output 240 kboe daily production with debts below$2bn. As such 2022 FCF will be over $2bn. There is a very serious mismatch between that projection and the sp.
I would consider selling at £6+. You need to see 50% rise here minimum
$84.81
Gas prices up over 400%
This company has an extremely strong cashflow. That makes it a safe bet because cash is king. FCF of over $2bn in 2022 bymy conservative estimate. Mkt cap of £4bn is laughable.
We will see a very serious rerate here towards £6 by year end imo.
This is one bull market rideyou don'twant to miss I think.
DYOR
With respect, debt is reducing much more than $100m per month in H2
In H1, net debt reduced $300m in period April - June
In H2, production is 50% higher and oil and gas prices through the roof
I think net debt may be reducing $150-$200m per month
Dyor
With respect, debt is reducing much more than $100m per month in H2
In H1, net debt reduced $300m in period April - June
In H2, production is 50% higher and oil and gas prices through the roof
I think net debt may be reducing $150-$200m per month
Dyor