I think it's obvious, the big boys don't like the increase in capital expenditure (with some (credit Suisse) claiming the costs may creep beyond the specified (875-950 million) and claim it will only justify itself with "drilling success", furthermore risk to oil and gas prices has intensifying it's put downside risk to the earnings guidance.
There are a lot of what ifs here? and only time will really tell the full story. It seems apparent that a lot of the growth factor(at least to the big boys) has been eroded due to these headwinds. Should we see any positive news that the coronavirus is seemingly peaking or is contained. That'll be a decent signal for a possible turn around in prices, imo sell down looks overdone.
Ann: FY20 half year results and conference call, page-64
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Last
$1.63 |
Change
0.040(2.52%) |
Mkt cap ! $3.707B | |||
| Open | High | Low | Value | Volume |
| $1.61 | $1.63 | $1.61 | $15.08M | 9.321M |
Buyers (Bids)
| No. | Vol. | Price($) |
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| 3 | 126798 | $1.62 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.63 | 25140 | 3 |
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| Last trade - 16.10pm 09/05/2024 (20 minute delay) ? |
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Last
$1.62 |
Change
0.040 ( 2.20 %) |
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| Open | High | Low | Volume | ||
| $1.61 | $1.63 | $1.61 | 4232594 | ||
| Last updated 15.59pm 09/05/2024 ? | |||||
| BPT (ASX) Chart |