I wouldn't be worried about the oversupply scare mongering.
I'm sure that when the model T Ford hit the production lines that people didn't run around saying that there was no point in investing in oil stocks because there was an over supply.
As far as I can see from research, oil billionaires were not worried about too much oil.
Ann: Quarterly Activities Report, page-245
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Last
$3.31 |
Change
0.020(0.61%) |
Mkt cap ! $9.968B | |||
| Open | High | Low | Value | Volume |
| $3.23 | $3.41 | $3.23 | $60.35M | 18.16M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 152099 | $3.30 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.31 | 31295 | 3 |
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| Last trade - 16.10pm 02/10/2024 (20 minute delay) ? |
| PLS (ASX) Chart |