"On the whole, stock prices still reflect long-term oil prices that are significantly below current levels; so they have a lot of room to catch up." gonesolow,I think the above quote is typical of analysts opinion.However I would only see the 'catch up'applying to oil producers that are well capitalised and that are going to benefit from the higher than expected oil price.eg.COE With present market sentiment I would not expect COE to get any more than a 10% bounce from the 'catch up'but that is in comparison to most other stocks continuing to fall.Medium term COE should attract more attention as it announces farm ins, drill dates etc.For me its more about not losing your cash than chasing big winners atm.
"On the whole, stock prices still reflect long-term oil prices...
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Last
21.0¢ |
Change
0.005(2.44%) |
Mkt cap ! $554.4M | |||
| Open | High | Low | Value | Volume |
| 21.0¢ | 21.5¢ | 20.5¢ | $1.007M | 4.796M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 55729 | 21.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 21.5¢ | 596402 | 4 |
View Market Depth
| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| COE (ASX) Chart |