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!
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Last
$2.45 |
Change
0.010(0.41%) |
Mkt cap ! $7.235B |
Open | High | Low | Value | Volume |
$2.45 | $2.48 | $2.43 | $2.290M | 933.5K |
Buyers (Bids)
No. | Vol. | Price($) |
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2 | 4542 | $2.44 |
Sellers (Offers)
Price($) | Vol. | No. |
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$2.46 | 277 | 1 |
View Market Depth
No. | Vol. | Price($) |
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2 | 4542 | 2.440 |
5 | 27136 | 2.430 |
2 | 37980 | 2.410 |
3 | 12525 | 2.400 |
2 | 14000 | 2.380 |
Price($) | Vol. | No. |
---|---|---|
2.460 | 277 | 1 |
2.480 | 11300 | 2 |
2.490 | 10829 | 2 |
2.500 | 76601 | 5 |
2.510 | 21769 | 2 |
Last trade - 16.10pm 13/05/2024 (20 minute delay) ? |
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Last
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Change
0.010 ( 0.65 %) |
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Open | High | Low | Volume | ||
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Last updated 15.59pm 13/05/2024 ? |
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