Sure Geff, if oil went to $100, a huge amount of risk is removed and BRKs SP would respond accordingly no doubt. But given the volatility, bearish sector activity and relatively small increase in oil price of late, I wouldn't think it would translate to BRK just yet. Need sustained higher prices or as mentioned, some bullish sentiment looking forward as you're buying an asset for the future (not receiving instant benefit as a producer would).
BRK discussion, page-2338
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Last
1.1¢ |
Change
0.001(10.0%) |
Mkt cap ! $52.50M | |||
| Open | High | Low | Value | Volume |
| 1.1¢ | 1.1¢ | 1.0¢ | $42.35K | 3.865M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 36 | 12444468 | 1.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.1¢ | 54435587 | 48 |
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| Last trade - 16.10pm 14/10/2024 (20 minute delay) ? |
| BRK (ASX) Chart |