Very unlikely it will hit $1.90 this month.
Full year results will kill any chance of that happening.
I'm expecting NPAT to drop 37% yr on yr, Reserves to be downgraded and the outlook to be below market expectations.
The only thing that will push the SP higher is new exploration success and I'd give that a less than 30% chance of happening.
A higher oil price might help but with 2023/24 oil production likely to be only about 16% of production it really won't make a significant difference.
2024/25 will be the year the SP might increase significantly so it depends how long you want to keep your money tied up for.
Very unlikely it will hit $1.90 this month. Full year results...
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Last
$1.59 |
Change
-0.010(0.63%) |
Mkt cap ! $3.627B | |||
| Open | High | Low | Value | Volume |
| $1.61 | $1.62 | $1.59 | $15.07M | 9.421M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 154568 | $1.59 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.60 | 13954 | 2 |
View Market Depth
| Last trade - 16.10pm 26/04/2024 (20 minute delay) ? |
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Last
$1.60 |
Change
-0.010 ( 0.62 %) |
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| Open | High | Low | Volume | ||
| $1.62 | $1.62 | $1.59 | 1587849 | ||
| Last updated 15.59pm 26/04/2024 ? | |||||
| BPT (ASX) Chart |