I wonder if the current oil price and the expected future price would of made a difference to the refineries that have stopped refining or are about to stop. Add the juicy government subsidies that are finally an presently being provided and provided until 2030 I believe. Headline in today's West Australian business section. $8 BILLION U-TURN For Woodside Petroleum. "Surging oil and gas prices sends Woodside profit back to pre-pandemic levels with gains not seen since 2014" "The profit rebound mirror's earnings windfalls reported by the world's major energy companies in recent weeks as renewed demand for oil and gas conflicts with the argument by climate-change activists that fossil fuels are increasingly unwanted" Just a great time for NWE and the PB for that matter to be discovering and emerging. Fantastic to get what looks like being an exceeding expectations discovery and to have it happen at a time of high global demand and soring prices. Don't like to get to far in front of myself, but it seems to be lining up for NWE. All imo.
NWE Price at posting:
3.1¢ Sentiment: Buy Disclosure: Held