"The buccaneering growth of the shale industry was driven by cheap and abundant credit"
I think financiers are going to be more cautious in the next wave of shale development, particularly if they get their a***s kicked big time on the original round of lending. I think it is pretty clear this is SA's objective and I think we can see the present low POO continue for as long as it takes to achieve aforesaid a*** kicking. That is likely to be 12+ months IMO.
Yergin's indication that a price of $50 - 60 will be the "Goldilocks" point seems fairly compelling. That is a lot better than $30 and would be satisfactory to FAR , especially as we prove up 2bbl !!
Fisho
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Last
50.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $46.20M |
Open | High | Low | Value | Volume |
49.5¢ | 50.0¢ | 49.5¢ | $43.20K | 86.49K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 21776 | 50.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
50.5¢ | 94070 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 33702 | 0.495 |
1 | 99999 | 0.490 |
2 | 104597 | 0.485 |
3 | 160000 | 0.480 |
1 | 100000 | 0.475 |
Price($) | Vol. | No. |
---|---|---|
0.505 | 94070 | 2 |
0.510 | 200000 | 2 |
0.515 | 120000 | 2 |
0.520 | 335203 | 4 |
0.525 | 118000 | 2 |
Last trade - 15.57pm 23/08/2024 (20 minute delay) ? |
FAR (ASX) Chart |
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