It is good for Australian oilers that competitors are paying dividends and doing buy backs. It means that they do not have a better use for these funds- like extra capex.
US shale does not appear to be ramping up over much. There does not appear to be a lot of incentive to bring the next well into production. This indicates a further brake on supply while we expect demand to increase going forward.
So the sector macro looks good, but, there is still a fair bit of the Greek alphabet available to covid.
IMHO DYOR
It is good for Australian oilers that competitors are paying...
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Last
$27.26 |
Change
-0.280(1.02%) |
Mkt cap ! $51.75B | |||
| Open | High | Low | Value | Volume |
| $27.51 | $27.59 | $27.23 | $86.52M | 3.161M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 18025 | $27.26 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $27.29 | 2418 | 2 |
View Market Depth
| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
$27.28 |
Change
-0.280 ( 1.09 %) |
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| Open | High | Low | Volume | ||
| $27.52 | $27.59 | $27.23 | 469568 | ||
| Last updated 15.59pm 14/06/2024 ? | |||||
| WDS (ASX) Chart |