This may help explain it. I got it from the Worley Parsons thread.
"[Dow Jones] Australian energy sector falls after Morgan Stanley slashes oil price forecast to US$35/bbl in 2009 to account for global economic slowdown, downgrades view on Australian oil industry to Cautious from Attractive. Top sector pick is Oil Search (OSH.AU), which bucks fall in sector to rise, last at 0.7% to A$4.38. Downgrades Santos (STO.AU) and Beach (BPT.AU) both to Equalweight from Overweight. Slashes STO price target to A$12.00 from A$22.90, last down 3.0% at A$14.09. Reduces BPT target to A$0.80 from A$1.30, last down 4.6% to 73.5 Australian cents. Also cuts price targets on Origin (ORG.AU) and Australian Worldwide (AWE.AU), helping to send their shares lower. Leaves Woodside (WPL.AU) target unchanged but shares fall 2.9% to A$33.93 on bearish price outlook. Lifts Caltex (CTX.AU) target to A$9.00 from A$7.30, shares last up 0.6% to A$8.70. (RRK) "
This may help explain it. I got it from the Worley Parsons...
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Last
$1.45 |
Change
0.020(1.40%) |
Mkt cap ! $3.307B | |||
| Open | High | Low | Value | Volume |
| $1.45 | $1.46 | $1.44 | $6.124M | 4.220M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 35145 | $1.45 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.45 | 92728 | 4 |
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| BPT (ASX) Chart |