Its a bit depressing, but...
firstly consensus is hat the oil price will rise during 2015.
Next OPEC meeting in February 2015.
No action in FAR until February 2015.
No oil production in Senegal till at least 2018/2019.
Senegal adds to an inventory for an oil company and I don't think large (if it turns out to be) oilfields are found every day when one considers that 9 in 10 drills are dusters.
So short term no issue. Will it affect the outcome? I imagine less than the current drop in the oil price. So not quite ready to run for the door yet. To invest in an oiler is never easy, but more exciting than a bank.
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Last
49.8¢ |
Change
0.008(1.53%) |
Mkt cap ! $45.97M | |||
| Open | High | Low | Value | Volume |
| 49.5¢ | 50.0¢ | 49.5¢ | $30.11K | 60.84K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 26546 | 49.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 50.0¢ | 16813 | 1 |
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| Last trade - 15.43pm 05/09/2024 (20 minute delay) ? |
| FAR (ASX) Chart |