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14.5¢ tamboran resources corporation

We are over-supplied with energy it seems

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Fitz65

878 Posts.

285

06/09/24

16:28

Post #: 75564826
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Originally posted by SmallFish991: ↑

I've been wondering that myself.

I find it odd when a non-producer that is valued on prospective resources and a a bit (relative to the size of the prize) of 2C resource moves with OIL sentiment but that appears to be what is happening. Softness in oil prices, possibly because LNG can be oil referenced I for price, appears to be a key factor. It does say something about the sophistication of the .institutional energy investor.

The other factor I was considering was the NT election, although neither party was critical of the Beetaloo going forward, politics being politics generates uncertainty that undermines. It does seem the bottom may coincide with that election result.

Nonetheless, it doesn't appear to be a TBN issue and more of a market contagion on the speculative floor of oil price.

I guess I'd feel pretty foolish to expect the market to behave rationally.

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We are over-supplied with energy it seems

TBN Price at posting: 15.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 14.5¢		Change 0.005(3.57%)		Mkt cap ! $255.5M

Open	High	Low	Value	Volume
13.5¢	14.5¢	13.5¢	$95.75K	680.5K

Buyers (Bids)

No.	Vol.	Price($)
9	332411	14.0¢

Sellers (Offers)

Price($)	Vol.	No.
14.5¢	168818	4

View Market Depth

No.	Vol.	Price($)
9	332411	0.140
6	511376	0.135
6	131476	0.130
8	382164	0.125
11	492832	0.120

Price($)	Vol.	No.
0.145	168818	4
0.150	1403436	5
0.155	189503	3
0.160	318338	4
0.165	55000	2

Last trade - 16.10pm 12/11/2024 (20 minute delay)

TBN (ASX) Chart

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