Good to see alex here. Have read a few posts on NWE forum by you.
Low volume and low SP seems to be where I have made most of my money over the years. I’ve taken a small position with the idea that WEL will be cashflow positive soon as the price of oil goes up and production rate increases. I wouldn’t say I’m going to be a long term holder but I feel at 1.5-2c this is a great entry. Hopefully management ca
n push this horse in the right direction over the next few months. The world is coming back online and oil demand will be rising.
pure speculation but simple logic. A risky industry but hopefully derisked by having the product and a low SP.
Ann: White Hat 2106 Increases Production to 352 BOEPD, page-26
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Last
0.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $3.745M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 9367332 | 0.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.4¢ | 7865550 | 3 |
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| Last trade - 16.12pm 05/07/2024 (20 minute delay) ? |
| WEL (ASX) Chart |
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