I recall dealing with the Libyan National Oil Company after the sanctions had been lifted and the commercial guys lecturing them on Net Present Value. The NOC”s reply was along the lines of all the oil they had not sold at $20 per bbl when the sanctions were on, they were now selling for $100+ per bbl. You’re right, it doesn’t get up and run away, it gets mined another day and probably sold for a higher price and mined in a lower cost environment once the construction boom in WA inevitably ends.
Also a long term holder. Got in c. 2010 around the 20 cent mark.
I recall dealing with the Libyan National Oil Company after the...
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Last
$1.67 |
Change
0.045(2.77%) |
Mkt cap ! $1.809B | |||
| Open | High | Low | Value | Volume |
| $1.63 | $1.67 | $1.62 | $11.36M | 6.882M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5491 | $1.66 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.67 | 201437 | 6 |
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| Last trade - 16.10pm 20/06/2024 (20 minute delay) ? |
| GOR (ASX) Chart |