Hey mark, you could probably overlay your price chart to this rig count in the US. Activity is picking up but still has a way to go.
So activity is up
Price of oil is up
Top producing wells are diminishing..
Great backdrop!!
So it seems big company scar tissue from excessive growth only a few years ago is a headwind.. Also investors demanding divvies and buybacks instead of growth seems to be our 2 biggest obstacles??
If everything keeps trending as is tho you’d think it’s just a matter of time… something will have to give.
cheers
Hey mark, you could probably overlay your price chart to this...
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Last
1.1¢ |
Change
0.002(22.2%) |
Mkt cap ! $14.49M | |||
| Open | High | Low | Value | Volume |
| 1.0¢ | 1.1¢ | 1.0¢ | $29.02K | 2.732M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1145342 | 1.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.2¢ | 875000 | 2 |
View Market Depth
| Last trade - 16.10pm 25/07/2025 (20 minute delay) ? |
| ATS (ASX) Chart |