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.
Good to see alex here. Have read a few posts on NWE forum by...
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Last
0.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $4.089M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.3¢ | 0.3¢ | $1.15K | 440K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 19091330 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 7168592 | 2 |
View Market Depth
| Last trade - 11.59am 30/07/2024 (20 minute delay) ? |
| WEL (ASX) Chart |