Whilst I understand that the excitement for MAY holders at present is all about A-2, and expectations for the lower two zones, there is an interesting commentary on Switzzer Fin, Monday YT by Morgan's economist Michael Knox, who refers to a forecast of reducing supply to cover marginally rising demand in oil for the remainder of 2023 and first half 2024.
From that modelling the price of WTI is expected to rise from current around US$73/barrel, to $95 by year end, and rising to $112 by June 2024.
The significance of this for MAY is that Morgans recommends investment on oil stocks, and whilst that certainly centres around the big Aussie producers, there surely would be a flow on to smaller oil companies, particularly anything that is potentially going through a major rerating, such as MAY.
The link is attached, but if JC removesit then just search Monday Switzzer on Yt (purposely misspelled) from 14.15) :
Whilst I understand that the excitement for MAY holders at...
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Mkt cap ! $90.99M | |||
| Open | High | Low | Value | Volume |
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| MAY (ASX) Chart |