Ele,
Your post highlights the major problem for FAR - $70 POO. The price outlook for oil remains bleak. Current price is approx. $50.
We need a sustained increase in oil price of 40% to meet the $70 FAR target. I work in the sector and there is no confidence of a marked increase in oil price (investing and working in the sector is not necessarily a very good move, but thankful to still have a job).
Pretty sad state of play at the moment. Not surprised by the lack of support in the SP - about as popular as a fart in a lift.
Have to hand it to the posters who have consistently been bearish on FAR - they seem to be nailing it at the moment.
Looking forward to better news on the oil price.
GL to all the long term holders........
BF
Ele, Your post highlights the major problem for FAR - $70 POO....
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Last
45.5¢ |
Change
-0.005(1.09%) |
Mkt cap ! $42.04M | |||
| Open | High | Low | Value | Volume |
| 46.5¢ | 46.5¢ | 45.5¢ | $160.1K | 347.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 86870 | 45.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 47.0¢ | 121519 | 4 |
View Market Depth
| Last trade - 16.10pm 20/06/2024 (20 minute delay) ? |
| FAR (ASX) Chart |