No doubt things have changed GB as you know I was talking about this a long time ago when the SP was more than double what it is now.
I wouldn't rule out the SP getting back to double digit, but it will be quite some time.
What I think we will see is gas being decoupled form oil pricing and a more liquid tradable gas market with more futures contracts and in particular an Asian futures market. Gas will take the place of coal & oil in many industrial applications especially power generation. So eventually I can see price separation and a much better outlook for gas long term than oil. This is why I have suggested some time ago that STO sell their crude production assets & concentrate on gas and look at expanding into renewable energy production as well, as its the future without doubt.
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Last
$6.79 |
Change
-0.010(0.15%) |
Mkt cap ! $22.05B |
Open | High | Low | Value | Volume |
$6.82 | $6.84 | $6.75 | $39.49M | 5.822M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
29 | 98628 | $6.75 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$6.79 | 4571 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
26 | 96108 | 6.750 |
8 | 101236 | 6.740 |
6 | 79266 | 6.730 |
5 | 5250 | 6.720 |
9 | 78932 | 6.710 |
Price($) | Vol. | No. |
---|---|---|
6.800 | 89814 | 7 |
6.810 | 47581 | 4 |
6.820 | 10574 | 3 |
6.830 | 1000 | 1 |
6.840 | 8083 | 4 |
Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
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