Post by
hangemhigh4 on Oct 15, 2014 7:10pm
Brent down $30 from few month ago.
Where will it end is the question. At $80, martwill earn about $13 per barrel. Only way to get revenue and profits up is with more oil flowing. Imo
Comment by
mjh9413 on Oct 16, 2014 8:09am
I haven't checked a second time but Mart actually UP on Bourse this morning...only 2000Euros though! It must be VERY shortly now for next leg to drop...on the oil flow that is, not the sp...yikes!
Comment by
ValuInvstr on Oct 16, 2014 12:27pm
At $80, martwill earn about $13 per barrel. Only way to get revenue and profits up is with more oil flowing. Imo Not true. Revenue will climb from lower theft losses. The costs are are already included thus 10 to 15% increase in revenue with little cost. It will also climb from cost recovery moving Mart's allocation toward upper limit of 82.5%.
Comment by
gibbonsj on Oct 16, 2014 12:34pm
very good point. It will be interesting to see first full month production numbers. My understanding is line losses should come in around 7 or 8%. That would be a very healthy add directly to the bottom line.
Comment by
wayfrt12 on Oct 16, 2014 1:37pm
BRENT CRUDE now $86.37 WAYFRT