I can see the bearish narrative on POO short term rolling out . But then as demonstrated in 2020 all these drops in consumption are not permanent…what is permanent instead is the chronic lack of capex spend which inevitably will create a supply shortage especially on the gas side. Last LNG train in OZ was inpex sanctioned in 2011…we have pretty much a 10 years black out…in 10 years what is the world population growth…how many coal PP been shut down…renewables growing but can’t offset yet the drop from coal, it’s going to be a significant shortage at some point. One option could be to sell and then pick the bottom, how easy is that to achieve ?
THE ONLY WAY IS UP., page-25
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Last
$1.16 |
Change
-0.055(4.53%) |
Mkt cap ! $2.646B | |||
| Open | High | Low | Value | Volume |
| $1.19 | $1.19 | $1.16 | $9.535M | 8.129M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 17 | 276452 | $1.16 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.17 | 204959 | 5 |
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| Last trade - 16.10pm 04/09/2024 (20 minute delay) ? |
| BPT (ASX) Chart |