I for one am very bullish on oil from these levels... put simply, growth in supply fails to keep pace with increased demand from developing nations, even with the contraction experienced in recent months.
Supply constraints will continue to afflict many producers, especially those from non-OPEC nations struggling to find new reserves.
Methinks its time to move some capital into O&G blue chips... no need to play the speccies in this market to deliver strong returns!!
Just my opinion. Cheers
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Last
21.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $179.5M | |||
| Open | High | Low | Value | Volume |
| 22.0¢ | 23.5¢ | 21.0¢ | $84.47K | 371.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2000 | 21.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 22.5¢ | 45000 | 1 |
View Market Depth
| Last trade - 15.25pm 29/07/2024 (20 minute delay) ? |
| OIL (ASX) Chart |