Absolutely, however, why is the price so low?
I have never worked that one out.
Is it to remain competitive?
Anyone would think that if it was so reliant then the price of oil would be double what it is right now.
Meanwhile we have rigs being picked up for 90% discount.
Most of the main oil producers are trying to turn to tourism and some setting up funds because they know that time is running out for their product.
But still, I don't know why they don't just remain at the higher price to capitalise during new energy transition and build up their reserves.
- Forums
- ASX - By Stock
- GXY
- 40c
40c, page-72
-
- There are more pages in this discussion • 151 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 GXY (ASX) to my watchlist
Currently unlisted public company.
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