Cash: US$77m(post-acquisition) Debt: US$250m(post-acquisition)...

  1. 24,019 Posts.
    lightbulb Created with Sketch.  637
    Cash: US$77m(post-acquisition)
    Debt: US$250m(post-acquisition)
    Net debt: US$173m(post-acquisition)

    Net debt US$173m, comparing with EBITDA of US$250m p.a at crude oil price US$56/barrel, is not huge. Reserve has already been approved, it's onshore.

    At today's oil price of US$68/barrel, EBITDA would be around US$345m.

    The underwritters dump won't take long, imo.
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.