I guess the market isn't reacting as I thought it would to this news.
The two most bearish pieces of information are:
Heavy crude oil: Heavy crude oils have API gravity of under 22.3 source: https://www.petro-online.com/news/fuel-for-thought/13/breaking-news/what-is-api-gravity/33309 Which means it is worth less then higher API.
source: extract from, 05/07/2023 9:18 am Alameda 2 First Production Results https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02683339-3A621181?access_token=83ff96335c2d45a094df02a206a39ff4
If it doesn't have a "measurable rate" in my opinion it fails the flow test.
I guess the market isn't reacting as I thought it would to this...
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Last
3.5¢ |
Change
0.001(2.94%) |
Mkt cap ! $117.9M | |||
| Open | High | Low | Value | Volume |
| 3.4¢ | 3.5¢ | 3.4¢ | $7.134K | 209.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 1030204 | 3.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.5¢ | 142489 | 1 |
View Market Depth
| Last trade - 11.03am 08/10/2024 (20 minute delay) ? |
| MAY (ASX) Chart |