Recoil coming up.....swift move up ahead of Xmas.
Oil pretty much bottomed, it's not a supply issue but a political and currency issue.
US dollar rising is causing the issue. Deutsche has come out and said Japan may start selling the dollar to slow the Japanese Yen's fall.
Once US dollar plateaus, Oil price will stabilise and head up.
That is why OPEC didn't reduce production....simply not a supply issue. China and India are buying up big time at these prices.
Time will tell, but what a gift we have now with FAR, with 80 mill in the bank and two monster finds in the bank....try and find better at this end of the market!
Only negative is possible predator action re M&A before we realise true value, low share price not good. Though with AUD falling to 75c in 2015, M&A is not far away regardless. Easy picking for a mid sized company, let alone someone like COP.
Recoil coming up.....swift move up ahead of Xmas. Oil pretty...
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Last
47.0¢ |
Change
0.010(2.17%) |
Mkt cap ! $43.43M | |||
| Open | High | Low | Value | Volume |
| 45.0¢ | 47.5¢ | 45.0¢ | $74.80K | 161.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 100 | 46.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 47.5¢ | 26333 | 2 |
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| Last trade - 15.58pm 12/09/2024 (20 minute delay) ? |
| FAR (ASX) Chart |