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
$27.63 |
Change
-0.080(0.29%) |
Mkt cap ! $52.46B | |||
| Open | High | Low | Value | Volume |
| $27.81 | $27.88 | $27.56 | $97.05M | 3.506M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 7817 | $27.61 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $27.63 | 8040 | 1 |
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| Last trade - 16.10pm 28/05/2024 (20 minute delay) ? |
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Last
$27.60 |
Change
-0.080 ( 0.46 %) |
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| Open | High | Low | Volume | ||
| $27.82 | $27.86 | $27.56 | 481024 | ||
| Last updated 15.59pm 28/05/2024 ? | |||||
| WDS (ASX) Chart |