Agree that demand is highest but with both IO and Oil supply WON'T wear off quickly.
Coal Seam Gas and fracking has been a game changer for oil (especially for the US) Forget the fact that they are ruining large areas of farming land and Australia is dumb enough to follow them. Lets hope the Saudis come to our rescue.
For IO, many mines have just started (eg Gina Rinehart's Roy Hill) and will have to produce for a long time to stay afloat.
Despite the above I think BHP in a few years will be well above where it is now!!
this beast is growing, page-14
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Last
$40.94 |
Change
0.060(0.15%) |
Mkt cap ! $207.6B | |||
| Open | High | Low | Value | Volume |
| $41.13 | $41.24 | $40.86 | $262.2M | 6.390M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 16 | $40.93 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $40.95 | 1333 | 1 |
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| Last trade - 16.10pm 22/08/2024 (20 minute delay) ? |
| BHP (ASX) Chart |