Good advice, the drop attracted me back to Arc and it's paying off. When was the last time it increased over 5% in a day?
I used the current weakness to buy some BPT and just picked up some AZA. AZA stated in an April 07 presentation when the shares were around ~ $1.18 that their 2P reserves were valued at $8 vs $20+ industry average. Now the share price is $0.88.
That means you can buy a proven barrel of oil for around the cost of a 6 pack of XXXX.
They have temporary trouble with damage to a production vessel and reneged on a gas deal in favour of pumping more oil instead.
austock, page-2
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Last
15.0¢ |
Change
-0.005(3.23%) |
Mkt cap ! $46.96M | |||
| Open | High | Low | Value | Volume |
| 15.5¢ | 15.5¢ | 15.0¢ | $54.27K | 358.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 6751465 | 15.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.5¢ | 1929732 | 23 |
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| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| 5GN (ASX) Chart |