Yep, Daniel Denning paints a very dark medium term future for Australia. Thing is, if it does happen like he says, wont the markets collapse severely? so won't the gains he's talking about with stocks collapse with the ASX?
I believe that POO will rise significantly, but if our imported oil is cutoff like he postulates, then this will cause industrial and political mayhem. The ASX will surely capitulate! Where do we stand then?
australias oil endgame, page-6
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Last
82.0¢ |
Change
-0.030(3.53%) |
Mkt cap ! $187.0M | |||
| Open | High | Low | Value | Volume |
| 84.0¢ | 84.0¢ | 81.0¢ | $61.08K | 74.10K |
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| No. | Vol. | Price($) |
|---|---|---|
| 2 | 7341 | 81.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 85.0¢ | 3829 | 1 |
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| Last trade - 16.10pm 09/09/2024 (20 minute delay) ? |
| NDO (ASX) Chart |