The current sector carnage will be beneficial to producers in the medium term (3 - 5 years) IMO.
Barely any new projects are going to get FID this year in the current climate. Its 2019 all over again.
This then allows those with supply to make a killing when things pick up. This may not be until 2026 but as 2022 showed, those who had product did very nicely.
Current price is $2.90in old GXY money, gee thats April 2021 pricing.
Now I am not keen on the merger or the Management team, but the assets are world class IMO.
Where will the SP be in 18 months is what I am working on, and I think it will be a fair bit higher than currently.
Moved to BUY
The current sector carnage will be beneficial to producers in...
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Last
$4.08 |
Change
0.150(3.82%) |
Mkt cap ! $1.426B | |||
| Open | High | Low | Value | Volume |
| $4.08 | $4.19 | $4.06 | $9.688M | 2.351M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 12174 | $4.07 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.09 | 200 | 1 |
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| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| LTM (ASX) Chart |