Hot, imo
Drill rig not going to be contracted til about June more than likely--I expect oil to be in the mid-high 30's by that
time. Just a "dead cat bounce" for POO at the moment. IMO of course.
Depreciation of the $A not good as our costs will be in $US. Good if we were producing oil as income would be
converted back into $A--however that is not likely {if we get that far} until 2017/18. Any T/O or buyout
offers post successful appraisal will be in $US which will be good v $A.
I hasten to add that if FAR's SP cannot gain any traction over the last 2 days {with POO having increased over
10% in that time}, it does not take much imagination to see where it might head if POO retracts 5-10% over
the next week or so. Double edged sword for me at least, looking for a steady SP around that 9-11c prior to
2C announcement, yet eager to top up further if the SP gets down to the 7's & 6's over the next month or so.
GLTAH
- Forums
- ASX - By Stock
- FAR
- Oil up over $50
Oil up over $50, page-9
-
- There are more pages in this discussion • 75 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add FAR (ASX) to my watchlist
(20min delay)
|
|||||
Last
49.5¢ |
Change
-0.010(1.98%) |
Mkt cap ! $46.20M |
Open | High | Low | Value | Volume |
50.5¢ | 50.5¢ | 49.5¢ | $26.44K | 52.94K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 21312 | 49.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
50.0¢ | 4173 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 21366 | 0.495 |
2 | 3995 | 0.485 |
2 | 28930 | 0.480 |
2 | 70000 | 0.475 |
2 | 78150 | 0.470 |
Price($) | Vol. | No. |
---|---|---|
0.500 | 4173 | 3 |
0.505 | 1852 | 2 |
0.510 | 59999 | 2 |
0.525 | 69690 | 1 |
0.530 | 30000 | 1 |
Last trade - 15.24pm 15/07/2024 (20 minute delay) ? |
Featured News
FAR (ASX) Chart |
The Watchlist
RCE
RECCE PHARMACEUTICALS LTD
James Graham / Dr Alan Dunton, MD & CEO / Non-Executive Director
James Graham / Dr Alan Dunton
MD & CEO / Non-Executive Director
SPONSORED BY The Market Online