With DUCs reduced by 50% in the last 2years you can bet it'll take ages to catch up on supply. SPRs also need to be replenished. Demand isn't going away any time soon
A panic frenzy in energy commodities is right around the corner. Sanctions on Russia, one of the largest producers are far more probable than outright war. If that happens we'll get days of $10 moves I think. Price action in oil and gas
so far is all logical, the panic hasnt set in yet.
Value of cash skyrocketed seemingly overnight because of the (lousy) central banks. Where will stock investors go? Low PE high cash flow stocks.
With DUCs reduced by 50% in the last 2years you can bet...
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Last
13.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $82.3M | |||
| Open | High | Low | Value | Volume |
| 12.5¢ | 13.0¢ | 12.5¢ | $23.65K | 185.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 19490190 | 12.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.0¢ | 3620661 | 40 |
View Market Depth
| Last trade - 16.10pm 07/05/2024 (20 minute delay) ? |
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Last
12.8¢ |
Change
0.000 ( 0.00 %) |
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| Open | High | Low | Volume | ||
| 13.0¢ | 13.0¢ | 12.8¢ | 770449 | ||
| Last updated 15.18pm 07/05/2024 ? | |||||
| CE1 (ASX) Chart |