What dose happen to santos, origin and other gas companies when gas is no longer a major need in the next 5 / 10 years?
From memory, going by the four corner episode on gas, the experts predicted a gas price of $6/$9 being the best case but still can’t compare to USA price of $2/$3.
As we all can see there is a massive push to renewables etc. Federal goverment gas push is looking like what’s currently happening to Bitcoin. Ride the way and then come crashing down and a whole bunch of tax payers dollars down the drain.
After people comments on why gas companies will prosper in the next 5/10 years...
Next federal election should be an interesting one.
Going Green Energy
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Last
$6.92 |
Change
0.040(0.58%) |
Mkt cap ! $22.47B | |||
| Open | High | Low | Value | Volume |
| $6.92 | $6.93 | $6.84 | $41.01M | 5.946M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 25681 | $6.90 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.92 | 50135 | 6 |
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| Last trade - 16.10pm 10/09/2024 (20 minute delay) ? |
| STO (ASX) Chart |