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.
If ppl sold now, they would be selling at a loss unless you were...
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Last
$1.78 |
Change
-0.020(1.11%) |
Mkt cap ! $1.426B | |||
| Open | High | Low | Value | Volume |
| $1.79 | $1.80 | $1.76 | $7.106M | 4.003M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 15683 | $1.78 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.78 | 25444 | 2 |
View Market Depth
| Last trade - 16.10pm 27/06/2024 (20 minute delay) ? |
| KAR (ASX) Chart |