Well put...the thing to remember is that the big oilers are smarting from the downturn and their accountants and share holders have put the breaks on spending....
We are spending and we are doing it in a low cost environment...
The big guys will have us in their sights and when their reserves are low and the oil price suits they will pay...and when they buy it will not be because they are looking for a steal ....it will because they have to. Price will not be the biggest concern....
Through out cycles in the past this has proven to be true many times..
We are in a good space even if the SP doesnt reflect true value.....but when the bidding starts things can change in a heartbeat.
CV
Morgan Stanley Note Overnight, page-17
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Last
50.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $46.66M | |||
| Open | High | Low | Value | Volume |
| 50.5¢ | 50.5¢ | 50.5¢ | $2.525K | 5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 13568 | 50.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 51.0¢ | 345490 | 5 |
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| Last trade - 10.02am 01/11/2024 (20 minute delay) ? |
| FAR (ASX) Chart |