Reuters reported "Negative sentiment toward theoil complex is still overpowering at the moment"
This explains the ridiculous undervalued nature of oil companies including SHE, where its market capitalization is chasing its cash holdings with zero weight given to current or future earnings arising from oil.
This wont last forever allowing for a explosive growth in SHE and BRK market cap.
Eventually the oil will be turned to cash.
Human civilization cant function without oil.
https://www.reuters.com/business/energy/oil-steady-ahead-interest-rate-decisions-opec-supply-cut-doubts-2023-12-12/
Reuters reported "Negative sentiment toward theoil complex is...
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Last
0.9¢ |
Change
0.000(0.00%) |
Mkt cap ! $6.159M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 1363120 | 0.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.9¢ | 28150 | 1 |
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| Last trade - 10.08am 17/07/2024 (20 minute delay) ? |
| SHE (ASX) Chart |
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