in my humble opinion - not to be confused with fact - what you saw last Thursday was pure algo drivel around option expiry and long holiday
ive watched markets for past 5+ years pretty closely - whenever you go into global 'day off' - gold price and stocks will pump - and always gives it back on resumption - and most commodity exposures jog on the spot - usually with algo driven absurd up and down moves
but this morning you;ve got US nixing iranian oil sales pumping up oil price - and both oils has already broken above key technicals
so now oil stocks are following - bpt, ato both breaking out this morning - ORG yet to do so because its weakest of the 3
highest debt/income ratio, highest $usoil break even operating price - thats why its been the worst of the 3 to be on to date
but - if oil price continues strong - ORG should outperform precisely because it is so highly leveraged
i dont get a strong sense that the actual oil/natural gas income weightings has any direct effect on asx energy stock performance - but i could be wrong
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Last
$9.52 |
Change
-0.270(2.76%) |
Mkt cap ! $16.38B |
Open | High | Low | Value | Volume |
$9.53 | $9.54 | $9.48 | $7.803M | 842.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 3118 | $9.51 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$9.52 | 5336 | 11 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
16 | 4797 | 9.510 |
17 | 10266 | 9.500 |
20 | 18298 | 9.490 |
16 | 37042 | 9.480 |
11 | 19999 | 9.470 |
Price($) | Vol. | No. |
---|---|---|
9.520 | 3169 | 9 |
9.530 | 13104 | 17 |
9.540 | 14508 | 10 |
9.550 | 14882 | 9 |
9.560 | 5461 | 6 |
Last trade - 11.04am 05/09/2024 (20 minute delay) ? |
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