OK. Long term contracts (85% sales) realise 15% of any POO fluctuations. Spot sales (15% sales) realise close to 100% of LNG (JKM) price fluctuations.
So during this 6 month oil (super) cycle, we have seen POO rise 50% (from under $60 to over $80) and JKM rise 100% (from $20 to $40).
WPL should have risen (85% x 15% x 50% = 6.5%) + (15% x 100% x 100% = 15%) or around 20% over the past six months.
At $27 early this year is was over-bought, and at $20 it was over-sold. It should be trading between $24 and $32.5
That sort of makes sense to me.
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$24.02 |
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Open | High | Low | Value | Volume |
$25.01 | $25.01 | $24.02 | $199.2M | 8.143M |
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No. | Vol. | Price($) |
---|---|---|
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Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$24.03 | 400 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 3390 | 24.020 |
17 | 12638 | 24.010 |
180 | 68235 | 24.000 |
10 | 8486 | 23.990 |
10 | 18477 | 23.980 |
Price($) | Vol. | No. |
---|---|---|
24.030 | 400 | 1 |
24.140 | 24444 | 1 |
24.150 | 7235 | 4 |
24.160 | 5064 | 1 |
24.170 | 2610 | 2 |
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