No Company hedges 100% of their fuel expense mate.
The fact that oil plummeted 26% overnight to just $20 a barrel - and now sits at an 18 year low - means mining companies like FMG will be generating a couple of hundred million dollars in extra annual profits.
The market is fully aware of this and is a contributing factor to why the FMG share price is up 8% today - despite the Dow falling 6.3% overnight.
No Company hedges 100% of their fuel expense mate.The fact that...
Add FMG (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$18.25 |
Change
-0.250(1.35%) |
Mkt cap ! $56.19B | |||
| Open | High | Low | Value | Volume |
| $18.43 | $18.47 | $18.25 | $44.24M | 2.414M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1109 | $18.21 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.38 | 100 | 1 |
View Market Depth
| Last trade - 14.10pm 01/01/2025 (20 minute delay) ? |
| FMG (ASX) Chart |
