Comment by
Overertune on Jan 08, 2024 1:18am
About 50m cash per quarter? I dont see any risk here.
Comment by
firstworld on Jan 08, 2024 10:10am
That means they should have about $350M cash on earnings entitlements and on ops but they dont they lost 6M Q3 on $87 oil.@ Q4 will be 20-30M loss bring cash position to where they were in Q1 2022 or there abouts. Costs wil be higher than expected thanks to Thailands largest offshore services provider likely connected to Junta owning 12% of VLE demanding overpriced contracts per the norm there.