They're better positioned then they were this time last year so its not all bad but they are still naked to the POO and where it goes ALL oilers will go at various %'s - funny thing working out whats happening - many of us were wrong about the timing of the rally this year (thinking it was going to happen before the end of last year) and this year the end of the rally has been delayed so it seems our timelines need revisiting IMOO..
I have drawn up this little chart from the Brent action over the last 2 years not sure how much it will pull back - the Japanese flooding the market with spending may provide support?? at a guess the low will be in the low 30's rather than going back into the 20's but we may also get another black swan?? IMOO
Falling refining margins, page-5
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Last
$7.17 |
Change
0.170(2.43%) |
Mkt cap ! $23.28B | |||
| Open | High | Low | Value | Volume |
| $7.21 | $7.24 | $7.13 | $112.1M | 15.61M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 42575 | $7.17 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.18 | 165376 | 3 |
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| Last trade - 16.10pm 02/10/2024 (20 minute delay) ? |
| STO (ASX) Chart |