Feels like we’re drinking the Kool Aid simply because the logic is so basic yet the producers have decoupled from the oil price. I think partially because the futures dip under $0 per barrel frightened the heck out of investors (or perhaps punters) thinking it was about alternative energy and not a rollover / storage issue.
Again, the demand curve is so simple that we’re seeing a confluence of forces that could become unstoppable. I can see Woodside spewing cash for years to come as this gets a wriggle on.
Forward Curve in Contango?, page-2
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Last
$28.84 |
Change
0.330(1.16%) |
Mkt cap ! $54.75B | |||
| Open | High | Low | Value | Volume |
| $28.85 | $28.93 | $28.73 | $83.53M | 2.894M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2309 | $28.84 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $28.85 | 2709 | 2 |
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| Last trade - 16.10pm 11/07/2024 (20 minute delay) ? |
| WDS (ASX) Chart |