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!
- Forums
- ASX - By Stock
- GQG
- Citywire article link - GQG’s Jain trusts oil firms’ longevity over tech darlings
Citywire article link - GQG’s Jain trusts oil firms’ longevity over tech darlings, page-2
-
- There are more pages in this discussion • 9 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add GQG (ASX) to my watchlist
|
|||||
Last
$2.73 |
Change
0.020(0.74%) |
Mkt cap ! $8.062B |
Open | High | Low | Value | Volume |
$2.70 | $2.73 | $2.66 | $5.266M | 1.948M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 3973 | $2.70 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.73 | 19714 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 3000 | 2.690 |
4 | 1022 | 2.680 |
3 | 6254 | 2.660 |
6 | 26374 | 2.650 |
3 | 18600 | 2.640 |
Price($) | Vol. | No. |
---|---|---|
2.730 | 343 | 1 |
2.750 | 7500 | 3 |
2.790 | 2800 | 1 |
2.800 | 2025 | 2 |
2.810 | 3774 | 1 |
Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
GQG (ASX) Chart |
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online