Have a think about this.
It is normal to purchase producing oilers for leverage to the oil price.
In August 2004 ARQ were about $1.00. So they have risen about 45%. But the price of oil has risen from under US$40 to currently over US$70. Let's say 75%.
In anyone's language, from that point in time it has been a dismal performance on the ASX by ARQ.
a few people i know ..., page-27
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14.0¢ |
Change
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Mkt cap ! $42.74M | |||
| Open | High | Low | Value | Volume |
| 14.0¢ | 14.3¢ | 14.0¢ | $22.45K | 160.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 3152072 | 14.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.5¢ | 668377 | 12 |
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