If ppl sold now, they would be selling at a loss unless you were lucky enough to have bought during $2.5-$3 mid year period. Why are people selling while buyback going on. Curious this one is.
Talking about the shorts, 8.5%+ at the start of a drilling campaign to prove a relative low risk play. Something doesn't seem right. Market cap back to almost cash backing, something is wrong with this picture.
If normal metrics cannot explain it, lets play a few angles. Pegasus behind the shorts to make management look bad (for shareholder returns)?
Kangaroo is a dud?
Brazil is bad for oil?
Oil price is heading much lower? (considering production wont be for a few years, current oil price doesn't affect it that much)
The most plausible seems to be oil price heading much lower, cannot discount the other ones too.
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Last
$1.83 |
Change
0.050(2.81%) |
Mkt cap ! $1.466B |
Open | High | Low | Value | Volume |
$1.80 | $1.84 | $1.79 | $8.392M | 4.606M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 6282 | $1.83 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.83 | 79500 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 5782 | 1.825 |
4 | 19802 | 1.820 |
3 | 28116 | 1.815 |
3 | 8234 | 1.810 |
1 | 5782 | 1.805 |
Price($) | Vol. | No. |
---|---|---|
1.830 | 5998 | 1 |
1.835 | 5782 | 1 |
1.840 | 8582 | 2 |
1.845 | 12532 | 3 |
1.850 | 29404 | 6 |
Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
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