It will be a slow gradual increase IMHO not a spike due to the following...
- Access to market, all good we've got all this gas, but it is as good as unused equity! You can't eat it until it can be sold!
- Cost of getting infrastructure in-place to get to a properly-sized market.
- Price of gas is dependent on the type of market.
- No JAWS commerciality announcement.
It isn't negative, just that funds and instos need the above answered.
For now it will be mom and dad investors and shorters playing.
Price will gradually increase in the Santa Claus rally IMHO. If you think about it, it is actually good! More volatility would have just caused more pressure to profit from gains.
Hopefully within two months we get a strategy announcement on how STX expects to sell the stuff in WE. Also that we get a commerciality announcement about JAWS! JAWS can sell almost instantly into the existing grid!
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22.8¢ |
Change
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Mkt cap ! $659.0M |
Open | High | Low | Value | Volume |
22.5¢ | 23.0¢ | 22.5¢ | $487.0K | 2.158M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
31 | 636656 | 22.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
23.0¢ | 3400057 | 23 |
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No. | Vol. | Price($) |
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31 | 636656 | 0.225 |
19 | 2166114 | 0.220 |
16 | 944230 | 0.215 |
23 | 1007331 | 0.210 |
23 | 1125437 | 0.205 |
Price($) | Vol. | No. |
---|---|---|
0.230 | 3400057 | 23 |
0.235 | 3847505 | 29 |
0.240 | 2834088 | 21 |
0.245 | 2406228 | 21 |
0.250 | 2924668 | 29 |
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