GXY 0.00% $5.28 galaxy resources limited

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  1. 8,739 Posts.
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    Absolutely, however, why is the price so low?

    I have never worked that one out.

    Is it to remain competitive?

    Anyone would think that if it was so reliant then the price of oil would be double what it is right now.

    Meanwhile we have rigs being picked up for 90% discount.

    Most of the main oil producers are trying to turn to tourism and some setting up funds because they know that time is running out for their product.

    But still, I don't know why they don't just remain at the higher price to capitalise during new energy transition and build up their reserves.
 
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