I expect the logic of moving away from fossil fuel investment is driven by idealism?, so many Super funds & Banks have closed off future investment with fossil fuels, the transition to low emissions will be measured in decades - meanwhile populations are growing, many countries are not as well placed as Australia to go green & will need to rely on fossil fuels past 2050?, then there's all the other products that fossil fuels go into other than fuel e.g. plastics - can't see natural fibres replacing this sector in a hurry.
Therefore the reduction of new entrants into the fossil fuel sector, the concentration of fossil fuel producers likely to grow & provide ever increasing margins is likely. The wild card will be the timing of Russia : Ukraine situation being resolved & how it might be resolved - perhaps sanctions on Russia will persist & those that are producing plus the resurgence of Nuclear starting to show its head may inch into fossil fuel producers at some point?
Lack of investment in fossil fuels s/be quite rewarding for GQG for many a year, I'd expect!
Citywire article link - GQG’s Jain trusts oil firms’ longevity over tech darlings, page-2
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Last
$2.44 |
Change
0.010(0.41%) |
Mkt cap ! $7.206B | |||
| Open | High | Low | Value | Volume |
| $2.49 | $2.49 | $2.39 | $1.449M | 596.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
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| 1 | 1200 | $2.43 |
Sellers (Offers)
| Price($) | Vol. | No. |
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| $2.45 | 9555 | 1 |
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| Last trade - 16.10pm 10/05/2024 (20 minute delay) ? |
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Last
$2.43 |
Change
0.010 ( 0.15 %) |
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| Open | High | Low | Volume | ||
| $2.45 | $2.45 | $2.39 | 132197 | ||
| Last updated 15.59pm 10/05/2024 ? | |||||
| GQG (ASX) Chart |