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Otto Energy (OEL) – Quarterly Report – 31 December 2019

    Home Latest Research Otto Energy (OEL) – Quarterly Report – 31 December 2019
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    Otto Energy (OEL) – Quarterly Report – 31 December 2019

    By admin | Latest Research | 0 comment | 31 January, 2019 | 0

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    OEL released its quarterly result, and we highlight the weaker near-term cash flows due to the lower received oil price. The short-term cash flow impacts have affected our price target and as a result it has dropped to $0.09/share. We maintain our Buy recommendation but are cautious on potential near term funding challenges if the pace of expenditure is maintained and oil prices do not recover.  

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