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Column 1 0 DJ FAR Remains RBC's Top Aussie Energy Pick -- Market Talk
0232 GMT [Dow Jones] RBC Capital Markets makes the case for cautious optimism
toward global energy stocks in 2016, arguing for a defensive posture until midyear and
then a pivot toward stocks anchored by strong balance sheets, solid executive capability
and cost advantages. In Australia, RBC's least favored pick remains Woodside
(WPL.AU), an oil and gas firm, given limited options for "organic" growth, the
weak current liquefied natural gas market and the high costs of a project to develop
liquefied natural gas off Western Australia. Its preferred pick in Australia is the oil
and gas explorer FAR (FAR.AU), since an offshore project in Senegal should offer
catalysts for the shares in an environment where few companies are investing in offshore
exploration and appraisal. FAR shares are now down 2.9% at A$0.066, while Woodside is up
1.2% at A$27.08. ([email protected]; Twitter: @RobbMStewart)
Editor JSM
(END) Dow Jones Newswires
December 20, 2015 21:32 ET (02:32 GMT)
Copyright (c) 2015 Dow Jones & Company, Inc.
Monday 21 December 2015 13:32:00.000 AEST
News Story: FAR; WPL - DJ FAR Remains RBC's Top Aussie Energy Pick -- Market Talk
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Last
49.0¢ |
Change
-0.010(2.00%) |
Mkt cap ! $45.28M |
Open | High | Low | Value | Volume |
48.5¢ | 52.0¢ | 48.5¢ | $101.9K | 200.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 48741 | 48.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
49.5¢ | 1786 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 41741 | 0.485 |
1 | 5000 | 0.480 |
1 | 10000 | 0.475 |
2 | 65000 | 0.470 |
1 | 50000 | 0.465 |
Price($) | Vol. | No. |
---|---|---|
0.495 | 1786 | 1 |
0.500 | 15000 | 1 |
0.510 | 25000 | 1 |
0.520 | 226386 | 4 |
0.530 | 1005 | 1 |
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