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1.2¢ otto energy limited

This is why I sold some time ago. With production declining and...

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tt2000

4,980 Posts.

1248

31/05/24

00:33

Post #: 74093217
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Originally posted by stumpytrunks ↑

Sold a parcel at 1.2 today. A hard call as it is technically at cash backing now, but this management is not giving me enough faith to effectively have that quantum of money in what is fundamentally a zero interest bank account.

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This is why I sold some time ago.

With production declining and lower price of oil and gas, only time until this becomes free cash flow destructive and eats away at that cash kitty

Those management want to get paid

OEL Price at posting: 1.2¢ Sentiment: Sell Disclosure: Not Held
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(20min delay)
Last 1.2¢		Change 0.000(0.00%)		Mkt cap ! $57.54M

Open	High	Low	Value	Volume
1.2¢	1.2¢	1.2¢	$112	9.371K

Buyers (Bids)

No.	Vol.	Price($)
2	153229	1.2¢

Sellers (Offers)

Price($)	Vol.	No.
1.3¢	2179015	5

View Market Depth

No.	Vol.	Price($)
2	153229	0.012
14	16724060	0.011
6	8650000	0.010
1	500000	0.009
1	125124	0.008

Price($)	Vol.	No.
0.013	2179015	5
0.014	9717355	11
0.015	4305776	7
0.017	233300	1
0.019	1500000	1

Last trade - 15.46pm 05/11/2024 (20 minute delay)

OEL (ASX) Chart