If ppl sold now, they would be selling at a loss unless you were lucky enough to have bought during $2.5-$3 mid year period. Why are people selling while buyback going on. Curious this one is.
Talking about the shorts, 8.5%+ at the start of a drilling campaign to prove a relative low risk play. Something doesn't seem right. Market cap back to almost cash backing, something is wrong with this picture.
If normal metrics cannot explain it, lets play a few angles. Pegasus behind the shorts to make management look bad (for shareholder returns)?
Kangaroo is a dud?
Brazil is bad for oil?
Oil price is heading much lower? (considering production wont be for a few years, current oil price doesn't affect it that much)
The most plausible seems to be oil price heading much lower, cannot discount the other ones too.
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Last
$1.92 |
Change
0.090(4.92%) |
Mkt cap ! $1.539B |
Open | High | Low | Value | Volume |
$1.86 | $1.92 | $1.85 | $18.66M | 9.832M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 11055 | $1.91 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.92 | 144289 | 16 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 5427 | 1.910 |
2 | 13815 | 1.905 |
1 | 5427 | 1.900 |
1 | 5427 | 1.895 |
1 | 5427 | 1.885 |
Price($) | Vol. | No. |
---|---|---|
1.920 | 32058 | 5 |
1.925 | 6427 | 2 |
1.930 | 11427 | 2 |
1.935 | 18427 | 2 |
1.940 | 25427 | 2 |
Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
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