Thank you Olderwiser. Your analysis is spot on. I don't own shares is PANR, but understanding PANR valuations helps us understand 88E. Why is PANR struggling to convince investors that its fields have a lower risk profile to that of 88E. The governmental policy variations between Republicans and Democrats in US towards fossil fuel is perhaps a significant risk factor the investors?
War in Europe and global geopolitical alignment within OPEC+ could mean that North America has to increase its supply. Europe wants to wean itself of Russian oil and renewables are unlikely to full fill that in the short to medium term. This could assist oil explorers achieve better valuations.
Thank you Olderwiser. Your analysis is spot on. I don't own...
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Last
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Change
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Mkt cap ! $86.67M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.3¢ | 0.3¢ | $84.46K | 28.21M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 559 | 1010583486 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 396934646 | 88 |
View Market Depth
| Last trade - 16.10pm 31/05/2024 (20 minute delay) ? |
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| Open | High | Low | Volume | ||
| 0.3¢ | 0.3¢ | 0.3¢ | 5924791 | ||
| Last updated 15.19pm 31/05/2024 ? | |||||
| 88E (ASX) Chart |