TONY
I have no idea really where the share price "should" be!! I reckon its very much dependent on the oil price and future expectations of the oil price. If SNE is breakeven 10% return at US$45 or less ... profitability goes up dramatically with every US$1 increase. Just look at some of the smaller (and higher cost) iron ore companies like AGO ... was $1.20 when iron ore was closer to US$100/t ... now 2 cents!! And the reverse applies but perhaps not to the same extent. We could easily be at $1.00 if oil were >US$100 still and sentiment on the up.
H
Trading looking better, page-22
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Last
50.5¢ |
Change
0.010(2.02%) |
Mkt cap ! $46.66M | |||
| Open | High | Low | Value | Volume |
| 50.5¢ | 50.5¢ | 49.5¢ | $13.34K | 26.57K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 85143 | 50.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 51.0¢ | 201000 | 3 |
View Market Depth
| Last trade - 15.56pm 28/08/2024 (20 minute delay) ? |
| FAR (ASX) Chart |