It's strange that WTI is now premium over Brent.
It's a mix feeling.
Positive
. OPEC will be losing a fraction of power in adjusting the poo. A talkfest
. The US inventories will be no longer the central piece of discussion which is driving the poo. A data
So the talkfest and the data are out of the oil game and the main tools should be the demands and the USD.
Negative
. Most Australian companies are hedging their production in Brent. Org is hedging at $10. There are more pains to come for Aussie drillers.
. Conventional oil play and massive reserves are here to remain to last longer.
Is CVN the only one in Australia.
Buy the rumour, Sell the fact?, page-26
Add CVN (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
16.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $286.2M | |||
| Open | High | Low | Value | Volume |
| 16.0¢ | 16.5¢ | 15.5¢ | $696.5K | 4.350M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 17 | 841466 | 15.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.5¢ | 1570125 | 13 |
View Market Depth
| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| CVN (ASX) Chart |