Courtney to @billebob888 It's good to see the details of Morgans...

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    Courtney to @billebob888

    It's good to see the details of Morgans Research Report.

    Based on WTI oil price of US$57.8/barrel for current calendar year and US$65/barrel for next calendar year. Both are lower than current WTI spot price of US$68/barrel.

    The capex for next two years will be funded by free operating cashflow, will be in a positive cash flow after capex in 2020 calendar year, that's very positive, imo.

    Every $5 per barrel changing in oil price, impacting valuation by 6c per share.


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    https://my.morgans.com.au/research/...Investment-Watch-April-2018&utm_content=page7
 
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